NXT Energy Solutions (TSE:SFD) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFD)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.19 and traded as high as C$0.20. NXT Energy Solutions shares last traded at C$0.20, with a volume of 10,000 shares changing hands.

NXT Energy Solutions Trading Down 2.4 %

The business has a 50-day moving average price of C$0.19 and a two-hundred day moving average price of C$0.20. The stock has a market capitalization of C$15.83 million, a P/E ratio of -2.34 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.35 and a debt-to-equity ratio of 438.95.

Insider Activity

In other NXT Energy Solutions news, Director Jeffrey Tilson purchased 393,900 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of C$0.34 per share, with a total value of C$133,926.00. In the last three months, insiders purchased 453,454 shares of company stock worth $142,449 and sold 229,500 shares worth $56,192. 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.