Chee Pheng Cheng Sells 92,500 Shares of NXT Energy Solutions (TSE:SFD) Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 92,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$0.48, for a total transaction of C$44,400.00. Following the completion of the transaction, the insider owned 10,549,506 shares of the company’s stock, valued at approximately C$5,063,762.88. This trade represents a 0.87% decrease in their position.

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

• On Wednesday, May 13th, Chee Pheng Cheng sold 24,725 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.41, for a total transaction of C$10,137.25.
• On Tuesday, May 12th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$4,000.00.
• On Thursday, April 16th, Chee Pheng Cheng sold 5,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$2,200.00.
• On Thursday, April 2nd, Chee Pheng Cheng sold 5,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.36, for a total transaction of C$1,800.00.
• On Monday, March 30th, Chee Pheng Cheng sold 3,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$1,400.00.

NXT Energy Solutions Trading Up 11.8%

NXT Energy Solutions stock opened at C$0.48 on Friday. The firm has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.35. The company has a debt-to-equity ratio of 15.21, a current ratio of 2.34 and a quick ratio of 0.35. The stock has a market capitalization of C$56.76 million, a PE ratio of -23.75 and a beta of -0.12. NXT Energy Solutions Inc. has a 12-month low of C$0.27 and a 12-month high of C$0.93.

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.