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

NXT Energy Solutions Inc. (TSE:SFD) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 10,000 shares.

NXT Energy Solutions Stock Up 2.5 %

The company has a debt-to-equity ratio of 438.95, a quick ratio of 0.35 and a current ratio of 0.28. The company has a market cap of C$16.23 million, a price-to-earnings ratio of -2.40 and a beta of 1.48. The business has a 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.20.

Insider Buying and Selling at NXT Energy Solutions

In related news, Director Jeffrey Tilson bought 393,900 shares of the stock in a transaction on Monday, January 27th. The shares were bought at an average cost of C$0.34 per share, for a total transaction of C$133,926.00. In the last ninety days, insiders have purchased 453,454 shares of company stock worth $142,449 and have sold 245,500 shares worth $59,392. Company insiders own 39.71% of the company’s stock.

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.