NXT Energy Solutions (TSE:SFD) Director Acquires C$32,677.13 in Stock

Key Points

• NXT Energy Solutions Inc. director Jeffrey Tilson purchased 36,720 shares at an average price of C$0.89 each, totaling approximately C$32,677.13.
• Following this transaction, Tilson's total ownership increased to 6,839,912 shares, reflecting a 0.54% boost in his stake in the company.
• NXT Energy Solutions stock experienced a 4.6% rise recently, with the current market price at C$0.68 and a market capitalization of C$74.10 million.

NXT Energy Solutions Inc. (TSE:SFD - Get Free Report) Director Jeffrey Tilson purchased 36,720 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of C$0.89 per share, for a total transaction of C$32,677.13. Following the completion of the transaction, the director directly owned 6,839,912 shares of the company's stock, valued at approximately C$6,086,837.69. This trade represents a 0.54% increase in their position.

NXT Energy Solutions Stock Performance

SFD traded up C$0.03 during trading on Friday, hitting C$0.71. The company's stock had a trading volume of 1,877 shares, compared to its average volume of 35,211. The company has a quick ratio of 0.35, a current ratio of 0.28 and a debt-to-equity ratio of 438.95. NXT Energy Solutions Inc. has a one year low of C$0.15 and a one year high of C$0.93. The firm has a market cap of C$77.37 million, a PE ratio of -14.20 and a beta of -0.25. The business's 50 day simple moving average is C$0.77 and its 200-day simple moving average is C$0.52.

NXT Energy Solutions Company Profile

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.