NXT Energy Solutions (TSE:SFD) Reaches New 1-Year High - Here's What Happened

Key Points

• NXT Energy Solutions shares reached a new 52-week high at C$0.90, with the last trading price at C$0.88.
• The company has a market cap of C$71.26 million and reported a high debt-to-equity ratio of 438.95.
• Insider transactions included a significant purchase of 335,000 shares by Director Jeffrey Tilson at C$0.55 each, indicating confidence in the company's future.

NXT Energy Solutions Inc. (TSE:SFD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.90 and last traded at C$0.88, with a volume of 11935 shares changing hands. The stock had previously closed at C$0.87.

NXT Energy Solutions Stock Performance

The company has a market cap of C$73.63 million, a PE ratio of -10.87 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. The business has a fifty day moving average of C$0.71 and a 200-day moving average of C$0.45.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential.