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

Shares of NXT Energy Solutions Inc. (OTCMKTS:NSFDFGet Free Report) passed 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 trading hands.

NXT Energy Solutions Stock 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 stock has a 50 day moving average of $0.13 and a 200 day moving average of $0.15. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.30.

NXT Energy Solutions (OTCMKTS:NSFDFGet Free Report) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.01) EPS for the quarter.

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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