NXT Energy Solutions (TSE:SFD) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

NXT Energy Solutions Inc. (TSE:SFD)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.24 and traded as high as C$0.26. NXT Energy Solutions shares last traded at C$0.26, with a volume of 10,289 shares.

NXT Energy Solutions Trading Up 1.9 %

The company’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.21. The company has a quick ratio of 0.35, a current ratio of 0.28 and a debt-to-equity ratio of 438.95. The company has a market cap of C$20.98 million, a price-to-earnings ratio of -3.10 and a beta of 1.48.

Insider Activity at NXT Energy Solutions

In related news, Director Jeffrey Tilson purchased 100,000 shares of NXT Energy Solutions stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of C$0.31 per share, for a total transaction of C$30,885.00. In the last three months, insiders acquired 528,600 shares of company stock valued at $170,363 and sold 279,500 shares valued at $75,031. Insiders own 39.71% of the company’s stock.

NXT Energy Solutions Company Profile

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.