Chee Pheng Cheng Sells 64,000 Shares of NXT Energy Solutions (TSE:SFD) Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 64,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$0.31, for a total value of C$19,840.00. Following the completion of the transaction, the insider directly owned 10,888,357 shares of the company’s stock, valued at approximately C$3,375,390.67. This represents a 0.58% decrease in their ownership of the stock.

Chee Pheng Cheng also recently made the following trade(s):

• On Wednesday, September 2nd, Chee Pheng Cheng sold 50,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.31, for a total transaction of C$15,500.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 12,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.35, for a total transaction of C$4,200.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.39, for a total transaction of C$3,900.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 20,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.34, for a total transaction of C$6,800.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 45,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.35, for a total transaction of C$15,750.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 9,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.37, for a total transaction of C$3,515.00.
• On Friday, July 31st, Chee Pheng Cheng sold 2,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$800.00.
• On Friday, July 31st, Chee Pheng Cheng sold 30,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.36, for a total transaction of C$10,800.00.
• On Wednesday, July 29th, Chee Pheng Cheng sold 500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$200.00.
• On Friday, July 24th, Chee Pheng Cheng sold 500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$200.00.

NXT Energy Solutions Trading Up 3.3%

Shares of NXT Energy Solutions stock opened at C$0.32 on Friday. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.70 and a quick ratio of 0.35. The stock’s 50 day simple moving average is C$0.38 and its 200-day simple moving average is C$0.38. The stock has a market cap of C$37.67 million, a P/E ratio of -4.50 and a beta of -0.66. NXT Energy Solutions Inc. has a 1-year low of C$0.27 and a 1-year high of C$0.72.

NXT Energy Solutions (TSE:SFD) last announced its quarterly earnings data on Thursday, August 6th. The company reported C($0.02) EPS for the quarter. NXT Energy Solutions had a negative return on equity of 62.62% and a negative net margin of 341.83%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.