NXT Energy Solutions (TSE:SFD) Stock Passes Above 50-Day Moving Average – Time to Sell?

NXT Energy Solutions Inc. (TSE:SFD) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 Stock Up 2.4 %

The firm has a 50-day moving average price of C$0.19 and a two-hundred day moving average price of C$0.20. The firm has a market cap of C$16.46 million, a price-to-earnings ratio of -2.33 and a beta of 1.48. The company has a debt-to-equity ratio of 295.85, a quick ratio of 0.35 and a current ratio of 0.68.

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

Insider Activity at NXT Energy Solutions

In other news, Director Jeffrey Tilson acquired 393,900 shares of NXT Energy Solutions 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. Over the last ninety days, 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 owned by corporate insiders.

NXT Energy Solutions Company Profile

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.