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

Shares of NXT Energy Solutions Inc. (TSE:SFD) passed 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 Price Performance

The stock has a market cap of C$20.98 million, a price-to-earnings ratio of -3.10 and a beta of 1.48. 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 stock’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.21.

Insider Activity

In related news, Director Jeffrey Tilson bought 393,900 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of C$0.34 per share, with a total value of C$133,926.00. In the last three months, insiders have acquired 528,600 shares of company stock worth $170,363 and have sold 279,500 shares worth $75,031. 39.71% of the stock is owned by company insiders.

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.