Legend Power Systems (CVE:LPS) Trading 9.7% Higher – Here’s Why

Legend Power Systems Inc. (CVE:LPS)’s share price shot up 9.7% during mid-day trading on Friday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 469,700 shares changed hands during trading, an increase of 235% from the average session volume of 140,117 shares. The stock had previously closed at C$0.15.

Legend Power Systems Stock Performance

The company has a market cap of C$26.59 million, a price-to-earnings ratio of -17.00 and a beta of 1.03. The company has a debt-to-equity ratio of 129.51, a current ratio of 0.95 and a quick ratio of 5.98. The firm has a fifty day simple moving average of C$0.19 and a 200 day simple moving average of C$0.13.

Insider Transactions at Legend Power Systems

In other news, Director Jonathan Lansky sold 135,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$0.20, for a total value of C$27,000.00. Insiders have sold 209,300 shares of company stock worth $41,860 in the last three months. 14.96% of the stock is owned by corporate insiders.

Legend Power Systems Company Profile

Legend Power Systems Inc, together with its subsidiaries, operates as an electrical energy conservation company in Canada and the United States. It assembles, markets, and sells SmartGATE, a patented device that enables dynamic power management of commercial or industrial Buildings. The company was founded in 1987 and is based in Vancouver, Canada.