NXT Energy Solutions (TSE:SFD) Stock Crosses Below 50-Day Moving Average – Should You Sell?

NXT Energy Solutions Inc. (TSE:SFD) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.42 and traded as low as C$0.33. NXT Energy Solutions shares last traded at C$0.33, with a volume of 1,000 shares traded.

NXT Energy Solutions Stock Down 1.5%

The firm’s 50-day moving average price is C$0.42 and its 200-day moving average price is C$0.59. The company has a debt-to-equity ratio of 438.95, a current ratio of 0.28 and a quick ratio of 0.35. The company has a market cap of C$38.39 million, a price-to-earnings ratio of -6.60 and a beta of -0.62.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential.