NXT Energy Solutions (TSE:SFD) Share Price Passes Below Fifty Day Moving Average – What’s Next?

NXT Energy Solutions Inc. (TSE:SFDGet Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.32 and traded as low as C$0.30. NXT Energy Solutions shares last traded at C$0.30, with a volume of 6,290 shares trading hands.

NXT Energy Solutions Price Performance

The stock has a 50 day moving average of C$0.32 and a two-hundred day moving average of C$0.53. The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28. The stock has a market cap of C$34.90 million, a PE ratio of -6.00 and a beta of -0.69.

NXT Energy Solutions Company Profile

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NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the aim of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Further Reading

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