NXT Energy Solutions (TSE:SFD) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of NXT Energy Solutions Inc. (TSE:SFD) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.32 and traded as high as C$0.35. NXT Energy Solutions shares last traded at C$0.33, with a volume of 9,010 shares.

NXT Energy Solutions Stock Down 10.8%

The firm has a market cap of C$38.39 million, a P/E ratio of -6.60 and a beta of -0.61. The business’s fifty day moving average price is C$0.32 and its two-hundred day moving average price is C$0.51. The company has a current ratio of 0.28, a quick ratio of 0.35 and a debt-to-equity ratio of 438.95.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.