NXT Energy Solutions (TSE:SFD) Stock Crosses Above 50-Day Moving Average of $0.18

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 firm’s 50 day moving average price is C$0.18 and its 200-day moving average price is C$0.19. The firm has a market cap of C$15.20 million, a price-to-earnings ratio of -2.17 and a beta of 1.33. The company has a debt-to-equity ratio of 39.29, a current ratio of 0.12 and a quick ratio of 0.35.

NXT Energy Solutions Company Profile

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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.

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