NXT Energy Solutions (TSE:SFD) Stock Price Up 48.8% – Time to Buy?

NXT Energy Solutions Inc. (TSE:SFD)’s stock price was up 48.8% on Monday . The company traded as high as C$0.38 and last traded at C$0.32. Approximately 202,326 shares were traded during mid-day trading, an increase of 364% from the average daily volume of 43,607 shares. The stock had previously closed at C$0.22.

NXT Energy Solutions Price Performance

The stock has a 50 day moving average of C$0.18 and a two-hundred day moving average 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. The stock has a market cap of C$18.81 million, a PE ratio of -2.67 and a beta of 1.48.

NXT Energy Solutions (TSE:SFD) last released its quarterly 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 net margin of 252.18% and a negative return on equity of 59.24%.

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.