NXT Energy Solutions (OTCMKTS:NSFDF) Stock Passes Above 200-Day Moving Average - Here's What Happened

NXT Energy Solutions Inc. (OTCMKTS:NSFDF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.28 and traded as high as $0.65. NXT Energy Solutions shares last traded at $0.61, with a volume of 21,488 shares traded.

NXT Energy Solutions Price Performance

The firm has a fifty day moving average of $0.46 and a 200 day moving average of $0.28. The company has a market capitalization of $58.35 million, a P/E ratio of -62.71 and a beta of 1.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.71.

NXT Energy Solutions (OTCMKTS:NSFDF - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $8.68 million for the quarter.

About NXT Energy Solutions

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.