NXT Energy Solutions (TSE:SFD) Stock Passes Above 50-Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFD) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.19 and traded as high as C$0.30. NXT Energy Solutions shares last traded at C$0.21, with a volume of 38,052 shares changing hands.

NXT Energy Solutions Price Performance

The stock’s 50 day simple moving average is C$0.19 and its 200-day simple moving average is C$0.20. The company has a debt-to-equity ratio of 295.85, a current ratio of 0.68 and a quick ratio of 0.35. The company has a market capitalization of C$16.46 million, a PE ratio of -2.33 and a beta of 1.48.

NXT Energy Solutions (TSE:SFD) last released its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative return on equity of 59.24% and a negative net margin of 252.18%.

Insider Buying and Selling

In other news, Director Jeffrey Tilson purchased 393,900 shares of the stock in a transaction on Monday, January 27th. The stock was bought at an average price of C$0.34 per share, for a total transaction of C$133,926.00. In the last three months, insiders purchased 486,454 shares of company stock valued at $149,227 and sold 240,500 shares valued at $57,952. 39.71% of the stock is currently 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.