NXT Energy Solutions (TSE:SFD) Stock Crosses Above 50-Day Moving Average of $0.18

NXT Energy Solutions Inc. (TSE:SFD)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.18 and traded as high as C$0.21. NXT Energy Solutions shares last traded at C$0.21, with a volume of 3,453 shares changing hands.

NXT Energy Solutions Price Performance

The stock has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.18. The company has a market cap of C$16.42 million, a PE ratio of -3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 55.88, a current ratio of 0.55 and a quick ratio of 0.35.

NXT Energy Solutions (TSE:SFD) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$0.60 million for the quarter. NXT Energy Solutions had a negative net margin of 254.05% and a negative return on equity of 52.83%.

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.