NXT Energy Solutions (TSE:SFD) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of NXT Energy Solutions Inc. (TSE:SFDGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.19 and traded as low as C$0.16. NXT Energy Solutions shares last traded at C$0.18, with a volume of 9,000 shares changing hands.

NXT Energy Solutions Stock Down 8.6 %

The firm’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.20. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 295.85. The company has a market capitalization of C$12.54 million, a price-to-earnings ratio of -1.78 and a beta of 1.48.

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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