Legend Power Systems (CVE:LPS) Shares Down 6.7% – Here’s Why

Legend Power Systems Inc. (CVE:LPS)’s share price fell 6.7% during mid-day trading on Thursday. The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 27,591 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 137,387 shares. The stock had previously closed at C$0.15.

Legend Power Systems Price Performance

The company has a current ratio of 0.95, a quick ratio of 5.98 and a debt-to-equity ratio of 129.51. The business has a fifty day moving average of C$0.18 and a 200-day moving average of C$0.14. The firm has a market cap of C$21.90 million, a PE ratio of -14.00 and a beta of 1.03.

Insider Buying and Selling

In other Legend Power Systems news, Director Jonathan Lansky sold 135,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$0.20, for a total value of C$27,000.00. In the last ninety days, insiders have sold 209,300 shares of company stock valued at $41,860. 14.96% of the stock is owned by company insiders.

Legend Power Systems Company Profile

Legend Power Systems Inc, together with its subsidiaries, operates as an electrical energy conservation company in Canada and the United States. It assembles, markets, and sells SmartGATE, a patented device that enables dynamic power management of commercial or industrial Buildings. The company was founded in 1987 and is based in Vancouver, Canada.