Shares of NXT Energy Solutions Inc. (TSE:SFD – Get Free Report) rose 12.9% during trading on Friday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 140,005 shares changed hands during trading, an increase of 871% from the average daily volume of 14,425 shares. The stock had previously closed at C$0.43.
NXT Energy Solutions Stock Up 11.8%
The company has a debt-to-equity ratio of 15.21, a current ratio of 2.34 and a quick ratio of 0.35. The business’s 50 day simple moving average is C$0.38 and its 200 day simple moving average is C$0.35. The company has a market capitalization of C$56.76 million, a PE ratio of -23.75 and a beta of -0.12.
About NXT Energy Solutions
NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.
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