Insider Selling: Xebec Adsorption Inc. (CVE:XBC) Director Sells 92,300 Shares of Stock

Xebec Adsorption Inc. (CVE:XBC) Director Kurt Sorschak sold 92,300 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$2.41, for a total value of C$222,443.00. Following the sale, the director now owns 2,518,896 shares of the company’s stock, valued at C$6,070,539.36.

Shares of CVE:XBC traded down C$0.13 during trading on Monday, reaching C$2.20. 427,916 shares of the company traded hands, compared to its average volume of 226,023. The company’s 50 day moving average is C$1.91 and its two-hundred day moving average is C$1.66. The firm has a market capitalization of $162.62 million and a PE ratio of 84.62. The company has a quick ratio of 1.98, a current ratio of 2.33 and a debt-to-equity ratio of 38.20. Xebec Adsorption Inc. has a 52 week low of C$0.68 and a 52 week high of C$2.44.

Xebec Adsorption (CVE:XBC) last released its earnings results on Tuesday, November 12th. The company reported C$0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.01. The company had revenue of C$13.15 million for the quarter, compared to the consensus estimate of C$12.43 million. As a group, research analysts anticipate that Xebec Adsorption Inc. will post 0.11 EPS for the current year.

A number of analysts have recently weighed in on XBC shares. Canaccord Genuity set a C$2.50 target price on Xebec Adsorption and gave the company a “speculative buy” rating in a research report on Monday, November 25th. Desjardins reiterated a “buy” rating on shares of Xebec Adsorption in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$2.75.

About Xebec Adsorption

Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.

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