NXT Energy Solutions (TSE:SFD) Stock Price Up 48.8% on Insider Buying Activity

Shares of NXT Energy Solutions Inc. (TSE:SFD) traded 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 were traded 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 acquired 393,900 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of C$0.34 per share, with a total value of C$133,926.00.

NXT Energy Solutions Stock Down 4.5 %

The stock has a market capitalization of C$16.46 million, a PE 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 company’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.20.

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

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.