NXT Energy Solutions (TSE:SFD) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFDGet Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.18 and traded as low as C$0.17. NXT Energy Solutions shares last traded at C$0.17, with a volume of 100,500 shares changing hands.

NXT Energy Solutions Price Performance

The company has a quick ratio of 0.35, a current ratio of 0.68 and a debt-to-equity ratio of 295.85. The firm has a market capitalization of C$17.24 million, a PE ratio of -2.44 and a beta of 1.48. The stock has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.21.

About NXT Energy Solutions

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NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.

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