NXT Energy Solutions (TSE:SFD) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of NXT Energy Solutions Inc. (TSE:SFD) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.19 and traded as high as C$0.20. NXT Energy Solutions shares last traded at C$0.20, with a volume of 10,000 shares.

NXT Energy Solutions Stock Performance

The firm has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.20. The stock has a market capitalization of C$16.23 million, a price-to-earnings ratio of -2.40 and a beta of 1.48. The company has a quick ratio of 0.35, a current ratio of 0.28 and a debt-to-equity ratio of 438.95.

Insider Transactions at NXT Energy Solutions

In other NXT Energy Solutions news, Director Jeffrey Tilson acquired 393,900 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of C$0.34 per share, with a total value of C$133,926.00. Over the last three months, insiders purchased 453,454 shares of company stock valued at $142,449 and sold 245,500 shares valued at $59,392. Insiders own 39.71% of the company’s stock.

NXT Energy Solutions Company Profile

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.