NXT Energy Solutions (TSE:SFD) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• NXT Energy Solutions Inc. shares have crossed above their fifty-day moving average, trading at C$0.82 on Tuesday compared to the average of C$0.76.
• The company has a market capitalization of C$64.92 million and a notably high debt-to-equity ratio of 438.95.
• NXT Energy Solutions specializes in geophysical services for the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) system for identifying hydrocarbon reservoir potential.

NXT Energy Solutions Inc. (TSE:SFD - ) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.76 and traded as high as C$0.82. NXT Energy Solutions shares last traded at C$0.82, with a volume of 4,500 shares.

NXT Energy Solutions Stock Performance

The company has a market capitalization of C$64.92 million, a price-to-earnings ratio of -9.58 and a beta of 1.48. The company's 50-day moving average price is C$0.76 and its two-hundred day moving average price is C$0.48. The company has a debt-to-equity ratio of 438.95, a current ratio of 0.28 and a quick ratio of 0.35.

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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