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NXT Energy Solutions (OTCMKTS:NSFDF) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

NXT Energy Solutions logo with Energy background

Key Points

  • NXT Energy Solutions' stock price recently exceeded its 200-day moving average of $0.32, trading as high as $0.63.
  • The company posted a loss of ($0.06) earnings per share for the last quarter, with a revenue of $1.20 million.
  • NXT Energy Solutions utilizes proprietary stress field detection technology to provide services to the oil and gas industry.
  • Need better tools to track NXT Energy Solutions? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of NXT Energy Solutions Inc. (OTCMKTS:NSFDF - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.32 and traded as high as $0.63. NXT Energy Solutions shares last traded at $0.63, with a volume of 1,382 shares.

NXT Energy Solutions Trading Down 0.7%

The business has a 50 day moving average of $0.52 and a two-hundred day moving average of $0.33. The firm has a market cap of $65.98 million, a P/E ratio of -15.14 and a beta of 1.55. The company has a current ratio of 1.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12.

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

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.

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