Xebec Adsorption Inc. (CVE:XBC) Insider Simon David Arnsby Sells 28,000 Shares of Stock

Xebec Adsorption Inc. (CVE:XBC) insider Simon David Arnsby sold 28,000 shares of Xebec Adsorption stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$2.27, for a total transaction of C$63,420.00. Following the sale, the insider now directly owns 7,017,000 shares of the company’s stock, valued at approximately C$15,893,505.

Simon David Arnsby also recently made the following trade(s):

  • On Wednesday, October 9th, Simon David Arnsby sold 15,000 shares of Xebec Adsorption stock. The shares were sold at an average price of C$1.64, for a total transaction of C$24,600.00.

Shares of CVE:XBC opened at C$2.33 on Monday. The company has a market capitalization of $133.55 million and a price-to-earnings ratio of 89.62. Xebec Adsorption Inc. has a 52 week low of C$0.67 and a 52 week high of C$2.44. The company has a quick ratio of 1.98, a current ratio of 2.33 and a debt-to-equity ratio of 38.20. The firm has a 50 day moving average of C$1.91 and a 200 day moving average of C$1.66.

Xebec Adsorption (CVE:XBC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.01 EPS for the quarter, hitting analysts’ consensus estimates of C$0.01. The business had revenue of C$13.15 million during the quarter, compared to the consensus estimate of C$12.43 million. On average, sell-side analysts expect that Xebec Adsorption Inc. will post 0.11 EPS for the current year.

Several analysts have recently weighed in on the stock. Desjardins reaffirmed a “buy” rating on shares of Xebec Adsorption in a research note on Wednesday, October 23rd. Canaccord Genuity set a C$2.50 price target on shares of Xebec Adsorption and gave the company a “speculative buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$2.75.

Xebec Adsorption Company Profile

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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