NXT Energy Solutions (TSE:SFD) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

NXT Energy Solutions Inc. (TSE:SFD)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.21 and traded as low as C$0.16. NXT Energy Solutions shares last traded at C$0.16, with a volume of 29,009 shares changing hands.

NXT Energy Solutions Price Performance

The business’s 50 day moving average is C$0.21 and its two-hundred day moving average is C$0.20. The company has a debt-to-equity ratio of 295.85, a quick ratio of 0.35 and a current ratio of 0.68. The firm has a market capitalization of C$12.54 million, a PE ratio of -1.78 and a beta of 1.48.

NXT Energy Solutions Company Profile

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.