NXT Energy Solutions (OTCMKTS:NSFDF) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

NXT Energy Solutions Inc. (OTCMKTS:NSFDF)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.18 and traded as high as $0.47. NXT Energy Solutions shares last traded at $0.47, with a volume of 700 shares traded.

NXT Energy Solutions Stock Up 11.9%

The business has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.18. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $36.96 million, a price-to-earnings ratio of -7.75 and a beta of 1.03.

NXT Energy Solutions (OTCMKTS:NSFDF) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 EPS for the quarter. The business had revenue of $8.68 million during the quarter.

About NXT Energy Solutions

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.