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

NXT Energy Solutions Inc. (TSE:SFD)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.23 and traded as high as C$0.30. NXT Energy Solutions shares last traded at C$0.30, with a volume of 7,001 shares.

NXT Energy Solutions Price Performance

The firm has a 50-day simple moving average of C$0.24 and a 200-day simple moving average of C$0.21. The firm has a market cap of C$21.38 million, a P/E ratio of -3.16 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.35 and a debt-to-equity ratio of 438.95.

Insider Buying and Selling at NXT Energy Solutions

In other NXT Energy Solutions news, Director Jeffrey Tilson purchased 393,900 shares of NXT Energy Solutions stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of C$0.34 per share, with a total value of C$133,926.00. Over the last quarter, insiders have purchased 552,954 shares of company stock worth $173,242 and have sold 201,000 shares worth $55,121. 39.71% of the stock is owned by insiders.

About NXT Energy Solutions

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.