NXT Energy Solutions (TSE:SFD) Trading Up 48.8% After Insider Buying Activity

NXT Energy Solutions Inc. (TSE:SFD) shot up 48.8% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as C$0.38 and last traded at C$0.32. 202,326 shares traded hands during mid-day trading, an increase of 364% from the average session volume of 43,607 shares. The stock had previously closed at C$0.22.

Specifically, Director Jeffrey Tilson bought 393,900 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of C$0.34 per share, for a total transaction of C$133,926.00.

NXT Energy Solutions Stock Down 4.5 %

The company has a market capitalization of C$16.46 million, a price-to-earnings ratio of -2.33 and a beta of 1.48. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 295.85. The firm’s 50-day moving average price is C$0.18 and its 200 day moving average price is C$0.20.

NXT Energy Solutions (TSE:SFD) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) EPS for the quarter. NXT Energy Solutions had a negative net margin of 252.18% and a negative return on equity of 59.24%.

About NXT Energy Solutions

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.