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

Key Points

• NXT Energy Solutions' stock price has recently surpassed its 200-day moving average of $0.39, reaching a high of $0.48 before last trading at $0.46.
• The company reported a quarterly revenue of $1.20 million with an earnings per share (EPS) of ($0.06), indicating a significant loss.
• NXT Energy Solutions, utilizing its proprietary stress field detection (SFD) technology, offers services aimed at hydrocarbon and geothermal exploration in the oil and gas industry.

NXT Energy Solutions Inc. (OTCMKTS:NSFDF - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.39 and traded as high as $0.48. NXT Energy Solutions shares last traded at $0.46, with a volume of 281 shares.

NXT Energy Solutions Price Performance

The firm has a 50 day moving average of $0.56 and a 200 day moving average of $0.39. The firm has a market cap of $50.38 million, a price-to-earnings ratio of -11.56 and a beta of 1.54. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.

NXT Energy Solutions (OTCMKTS:NSFDF - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported ($0.06) earnings per share (EPS) for the quarter. The business 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.