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

NXT Energy Solutions Inc. (TSE:SFD)’s share price was up 48.8% on Monday following insider buying activity. The company traded as high as C$0.38 and last traded at C$0.32. Approximately 202,326 shares changed hands during trading, an increase of 364% from the average daily volume of 43,607 shares. The stock had previously closed at C$0.22.

Specifically, Director Jeffrey Tilson purchased 393,900 shares of NXT Energy Solutions stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of C$0.34 per share, for a total transaction of C$133,926.00.

NXT Energy Solutions Stock Performance

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 has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.20. The firm has a market cap of C$16.46 million, a PE ratio of -2.33 and a beta of 1.48.

NXT Energy Solutions (TSE:SFD) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) 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.