NXT Energy Solutions (TSE:SFD) Stock Passes Below 200 Day Moving Average – Should You Sell?

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s stock price passed 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 traded.

NXT Energy Solutions Price Performance

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

About NXT Energy Solutions

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for NXT Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXT Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.