NXT Energy Solutions (TSE:SFD) Shares Pass Below 50-Day Moving Average – Here’s Why

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.33 and traded as low as C$0.31. NXT Energy Solutions shares last traded at C$0.31, with a volume of 28,100 shares traded.

NXT Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28. The business has a fifty day simple moving average of C$0.33 and a 200 day simple moving average of C$0.55. The stock has a market cap of C$36.06 million, a price-to-earnings ratio of -6.20 and a beta of -0.69.

NXT Energy Solutions Company Profile

(Get Free Report)

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the aim of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

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