NXT Energy Solutions (TSE:SFD) Shares Cross Below 50 Day Moving Average - Here's What Happened

Key Points

• NXT Energy Solutions' stock fell 3.8% and crossed below its fifty-day moving average of C$0.75, last trading at C$0.50 with a volume of 14,000 shares.
• The company's debt-to-equity ratio is notably high at 438.95, with a market capitalization of C$54.49 million and a P/E ratio of -10.00.
• Insider activity includes Director Jeffrey Tilson purchasing 36,720 shares at C$0.89 per share, increasing their stake to 6,839,912 shares, while a total of 70,500 shares have been sold by insiders in the past three months.

NXT Energy Solutions Inc. (TSE:SFD - ) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.75 and traded as low as C$0.50. NXT Energy Solutions shares last traded at C$0.50, with a volume of 14,000 shares trading hands.

NXT Energy Solutions Stock Down 3.8%

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 company has a 50 day moving average of C$0.75 and a 200-day moving average of C$0.55. The company has a market capitalization of C$54.49 million, a P/E ratio of -10.00 and a beta of -0.25.

Insiders Place Their Bets

In other news, Director Jeffrey Tilson bought 36,720 shares of the stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of C$0.89 per share, for a total transaction of C$32,677.13. Following the purchase, the director directly owned 6,839,912 shares in the company, valued at C$6,086,837.69. This trade represents a 0.54% increase in their position. In the last three months, insiders sold 70,500 shares of company stock valued at $48,660. Company 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.

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