NXT Energy Solutions (TSE:SFD) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of NXT Energy Solutions Inc. (TSE:SFD) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.23 and traded as high as C$0.30. NXT Energy Solutions shares last traded at C$0.30, with a volume of 7,001 shares trading hands.

NXT Energy Solutions Price Performance

The business’s 50-day simple moving average is C$0.23 and its 200-day simple moving average is C$0.21. The stock has a market cap of C$23.75 million, a PE ratio of -3.51 and a beta of 1.48. The company has a quick ratio of 0.35, a current ratio of 0.28 and a debt-to-equity ratio of 438.95.

Insider Buying and Selling at NXT Energy Solutions

In related news, Director Jeffrey Tilson bought 100,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of C$0.31 per share, with a total value of C$30,885.00. Over the last quarter, insiders have bought 552,954 shares of company stock worth $173,242 and have sold 201,000 shares worth $55,121. Corporate insiders own 39.71% of the company’s stock.

NXT Energy Solutions Company Profile

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.