NXT Energy Solutions (TSE:SFD) Stock Price Crosses Above Fifty Day Moving Average of $0.18

NXT Energy Solutions Inc. (TSE:SFD)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.18 and traded as high as C$0.20. NXT Energy Solutions shares last traded at C$0.20, with a volume of 4,500 shares.

NXT Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 39.29, a quick ratio of 0.35 and a current ratio of 0.12. The business has a fifty day simple moving average of C$0.18 and a 200 day simple moving average of C$0.19. The company has a market cap of C$15.59 million, a P/E ratio of -2.22 and a beta of 1.33.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.