NXT Energy Solutions (TSE:SFD) Share Price Passes Below 50-Day Moving Average – What’s Next?

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.18 and traded as low as C$0.17. NXT Energy Solutions shares last traded at C$0.17, with a volume of 100,500 shares.

NXT Energy Solutions Trading Up 29.4 %

The company has a 50 day simple moving average of C$0.18 and a 200 day simple moving average of C$0.21. The company has a market capitalization of C$17.24 million, a PE ratio of -2.44 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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