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

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

NXT Energy Solutions Stock Down 2.8 %

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 company’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.20. The stock has a market capitalization of C$13.71 million, a P/E ratio of -1.94 and a beta of 1.48.

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.