NXT Energy Solutions (TSE:SFD) Reaches New 12-Month Low – Time to Sell?

NXT Energy Solutions Inc. (TSE:SFD)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.27 and last traded at C$0.27, with a volume of 750 shares traded. The stock had previously closed at C$0.30.

NXT Energy Solutions Stock Down 5.3%

The stock has a fifty day moving average price of C$0.36 and a 200-day moving average price of C$0.38. The firm has a market cap of C$32.29 million, a PE ratio of -3.86 and a beta of -0.66. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.35 and a current ratio of 1.70.

NXT Energy Solutions (TSE:SFD) last announced its quarterly earnings results on Thursday, August 6th. The company reported C($0.02) earnings per share for the quarter. NXT Energy Solutions had a negative net margin of 341.83% and a negative return on equity of 62.62%.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.