Chee Pheng Cheng Sells 50,000 Shares of NXT Energy Solutions (TSE:SFD) Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 50,000 shares of NXT Energy Solutions stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$0.31, for a total value of C$15,500.00. Following the completion of the sale, the insider directly owned 10,838,357 shares of the company’s stock, valued at C$3,359,890.67. The trade was a 0.46% decrease in their ownership of the stock.

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

• On Tuesday, September 1st, Chee Pheng Cheng sold 64,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.31, for a total value of C$19,840.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 12,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.35, for a total value of C$4,200.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.39, for a total value of C$3,900.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 20,000 shares of NXT Energy Solutions stock. The stock was 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 shares were 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of C$0.40, for a total transaction of C$200.00.

NXT Energy Solutions Stock Down 6.1%

Shares of TSE:SFD traded down C$0.02 during trading on Thursday, hitting C$0.31. The company’s stock had a trading volume of 12,150 shares, compared to its average volume of 17,047. NXT Energy Solutions Inc. has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.72. The business has a 50 day moving average price of C$0.39 and a two-hundred day moving average price of C$0.39. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.35 and a current ratio of 1.70. The company has a market capitalization of C$37.07 million, a PE ratio of -4.43 and a beta of -0.66.

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

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.