Insider Selling: NXT Energy Solutions Inc. (TSE:SFD) Insider Sells C$19,000.00 in Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$0.48, for a total value of C$19,000.00.

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

• On Friday, May 9th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.34, for a total value of C$3,400.00.
• On Friday, May 2nd, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.30, for a total value of C$3,000.00.
• On Monday, April 28th, Chee Pheng Cheng sold 15,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.24, for a total value of C$3,600.00.
• On Friday, April 25th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.24, for a total value of C$2,410.00.
• On Thursday, April 17th, Chee Pheng Cheng sold 24,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.26, for a total value of C$6,278.40.
• On Monday, April 14th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.27, for a total value of C$2,700.00.
• On Wednesday, April 9th, Chee Pheng Cheng sold 8,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.26, for a total value of C$2,210.00.
• On Thursday, April 3rd, Chee Pheng Cheng sold 20,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.21, for a total value of C$4,200.00.
• On Tuesday, March 25th, Chee Pheng Cheng sold 50,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.27, for a total value of C$13,500.00.
• On Tuesday, March 18th, Chee Pheng Cheng sold 7,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.30, for a total value of C$2,100.00.

NXT Energy Solutions Trading Up 16.7%

Shares of SFD opened at C$0.63 on Monday. The stock has a fifty day moving average price of C$0.28 and a two-hundred day moving average price of C$0.23. The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28. NXT Energy Solutions Inc. has a 52-week low of C$0.09 and a 52-week high of C$0.63. The company has a market cap of C$49.88 million, a price-to-earnings ratio of -7.36 and a beta of 1.48.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential.