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Insider Buying: NXT Energy Solutions (TSE:SFD) Director Buys 36,720 Shares of Stock

NXT Energy Solutions logo with Energy background

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.
  • Five stocks we like better than NXT Energy Solutions.

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

NXT Energy Solutions Stock Up 4.6%

NXT Energy Solutions stock traded up C$0.03 during mid-day trading on Tuesday, reaching C$0.68. The stock had a trading volume of 5,033 shares, compared to its average volume of 35,564. 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 fifty-two week low of C$0.15 and a fifty-two week high of C$0.93. The stock's 50-day simple moving average is C$0.77 and its 200-day simple moving average is C$0.51. The firm has a market capitalization of C$74.10 million, a PE ratio of -13.60 and a beta of -0.25.

NXT Energy Solutions Company Profile

(Get Free Report)

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.

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