NXT Energy Solutions (OTCMKTS:NSFDF) Share Price Crosses Above 200 Day Moving Average – What’s Next?

NXT Energy Solutions Inc. (OTCMKTS:NSFDF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.24 and traded as high as $0.48. NXT Energy Solutions shares last traded at $0.48, with a volume of 26,500 shares traded.

NXT Energy Solutions Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.71. The company has a market cap of $44.39 million, a P/E ratio of -47.70 and a beta of 1.47. The firm has a 50 day moving average of $0.38 and a 200-day moving average of $0.24.

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