NXT Energy Solutions (TSE:SFD) Shares Pass Above 50 Day Moving Average – Time to Sell?

NXT Energy Solutions Inc. (TSE:SFD)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 6,014 shares changing hands.

NXT Energy Solutions Trading Up 2.6 %

The company has a market capitalization of C$15.67 million, a price-to-earnings ratio of -2.22 and a beta of 1.48. The firm has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.20. The company has a debt-to-equity ratio of 295.85, a quick ratio of 0.35 and a current ratio of 0.68.

Insider Buying and Selling at NXT Energy Solutions

In other NXT Energy Solutions news, Director Jeffrey Tilson bought 393,900 shares of NXT Energy Solutions stock in a transaction on Monday, January 27th. The shares were purchased at an average price of C$0.34 per share, with a total value of C$133,926.00. In the last ninety days, insiders have bought 486,454 shares of company stock valued at $149,227 and have sold 240,500 shares valued at $57,952. Insiders own 39.71% of the company’s stock.

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.