NXT Energy Solutions (TSE:SFD) Stock Crosses Below Fifty 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 Thursday . The stock has a 50-day moving average of C$0.19 and traded as low as C$0.16. NXT Energy Solutions shares last traded at C$0.18, with a volume of 9,000 shares.

NXT Energy Solutions Stock Down 8.6 %

The stock’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.20. The stock has a market cap of C$12.54 million, a P/E ratio of -1.78 and a beta of 1.48. The company has a debt-to-equity ratio of 295.85, a quick ratio of 0.35 and a current ratio of 0.68.

About NXT Energy Solutions

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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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