NXT Energy Solutions (TSE:SFD) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• NXT Energy Solutions shares crossed above their fifty day moving average, reaching a high of C$0.86 before last trading at C$0.83.
• The company has a significant debt-to-equity ratio of 438.95 and a market cap of C$65.71 million, indicating potential financial instability.
• Director Jeffrey Tilson recently purchased 335,000 shares at C$0.55 each, contributing to a total insider buy of 522,000 shares within the last ninety days.

NXT Energy Solutions Inc. (TSE:SFD - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.66 and traded as high as C$0.86. NXT Energy Solutions shares last traded at C$0.83, with a volume of 46,792 shares traded.

NXT Energy Solutions Price Performance

The stock has a market cap of C$71.26 million, a PE ratio of -10.52 and a beta of 1.48. The company has a debt-to-equity ratio of 438.95, a current ratio of 0.28 and a quick ratio of 0.35. The business has a fifty day moving average of C$0.68 and a 200 day moving average of C$0.43.

Insiders Place Their Bets

In related news, Director Jeffrey Tilson bought 335,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was bought at an average price of C$0.55 per share, with a total value of C$182,910.00. Over the last 90 days, insiders sold 185,500 shares of company stock worth $105,785. Insiders own 39.71% of the company's stock.

About NXT Energy Solutions

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.