NXT Energy Solutions (TSE:SFD) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 5,688 shares changing hands.

NXT Energy Solutions Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 295.85. The firm has a market cap of C$12.15 million, a PE ratio of -1.72 and a beta of 1.48. The company has a 50-day simple moving average of C$0.18 and a 200 day simple moving average of C$0.21.

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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