NXT Energy Solutions (TSE:SFD) Shares Pass Below 50-Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFDGet Free Report)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.21 and traded as low as C$0.16. NXT Energy Solutions shares last traded at C$0.16, with a volume of 29,009 shares.

NXT Energy Solutions Stock Performance

The company has a 50-day moving average of C$0.21 and a 200 day moving average of C$0.20. The firm has a market capitalization of C$12.54 million, a PE ratio of -1.78 and a beta of 1.48. The company has a quick ratio of 0.35, a current ratio of 0.68 and a debt-to-equity ratio of 295.85.

NXT Energy Solutions Company Profile

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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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