NXT Energy Solutions (OTCMKTS:NSFDF) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

NXT Energy Solutions Inc. (OTCMKTS:NSFDF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.15 and traded as high as $0.15. NXT Energy Solutions shares last traded at $0.15, with a volume of 30,000 shares changing hands.

NXT Energy Solutions Price Performance

The firm has a market cap of $11.64 million, a price-to-earnings ratio of -2.47 and a beta of 1.53. The business’s 50-day simple moving average is $0.13 and its two-hundred day simple moving average is $0.15. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.30.

NXT Energy Solutions (OTCMKTS:NSFDF) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.01) EPS for the quarter.

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.