NXT Energy Solutions (OTCMKTS:NSFDF) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• NXT Energy Solutions (OTCMKTS:NSFDF) saw its share price rise above its 200-day moving average of $0.30, reaching as high as $0.62, indicating potential momentum in trading activity.
• The company reported $0.06 earnings per share and generated $8.68 million in revenue in its most recent quarterly earnings announcement.
• NXT Energy Solutions specializes in stress field detection technology that aids the oil and gas industry in identifying potential hydrocarbon and geothermal sites.

Shares of NXT Energy Solutions Inc. (OTCMKTS:NSFDF - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.30 and traded as high as $0.62. NXT Energy Solutions shares last traded at $0.62, with a volume of 10,000 shares traded.

NXT Energy Solutions Price Performance

The business has a 50-day moving average of $0.48 and a 200 day moving average of $0.31. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $70.28 million, a P/E ratio of -64.50 and a beta of 1.55.

NXT Energy Solutions (OTCMKTS:NSFDF - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The energy company reported ($0.06) earnings per share for the quarter. The company had revenue of $1.20 million during the quarter.

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.