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NXT Energy Solutions (TSE:SFD) Reaches New 12-Month High - Time to Buy?

NXT Energy Solutions logo with Energy background

Shares of NXT Energy Solutions Inc. (TSE:SFD - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.73 and last traded at C$0.73, with a volume of 7000 shares trading hands. The stock had previously closed at C$0.71.

NXT Energy Solutions Stock Up 1.4%

The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28. The firm has a market capitalization of C$57.80 million, a PE ratio of -8.53 and a beta of 1.48. The company's 50 day simple moving average is C$0.58 and its 200-day simple moving average is C$0.36.

Insider Transactions at NXT Energy Solutions

In other NXT Energy Solutions news, Director Jeffrey Tilson bought 335,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of C$0.55 per share, for a total transaction of C$182,910.00. Over the last three months, insiders have bought 522,000 shares of company stock worth $240,205 and have sold 205,000 shares worth $99,835. 39.71% of the stock is currently owned by company insiders.

About NXT Energy Solutions

(Get Free Report)

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.

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