NXT Energy Solutions (TSE:SFD) Trading Down 18.2% – Time to Sell?

NXT Energy Solutions Inc. (TSE:SFD) shares were down 18.2% on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 2,800 shares changed hands during trading, a decline of 89% from the average daily volume of 26,435 shares. The stock had previously closed at C$0.22.

NXT Energy Solutions Stock Performance

The company has a market capitalization of C$13.71 million, a P/E ratio of -1.94 and a beta of 1.48. 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 business’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.20.

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.