NXT Energy Solutions (TSE:SFD) Shares Pass Above 50-Day Moving Average – Here’s Why

NXT Energy Solutions Inc. (TSE:SFD) shares crossed 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$0.34. NXT Energy Solutions shares last traded at C$0.34, with a volume of 10,000 shares.

NXT Energy Solutions Stock Performance

The company’s 50 day moving average price is C$0.32 and its 200-day moving average price is C$0.47. The stock has a market cap of C$38.97 million, a P/E ratio of -6.70 and a beta of -0.61. The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28.

NXT Energy Solutions Company Profile

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.