NXT Energy Solutions Inc (TSXV: SFD), provider of Oil & Gas services, experienced a strong share price momentum during the past few trading session and broke the long term technical resistance of 200-DMA (Daily Moving Average) yesterday. The company’s share gained over 6% during the last two consecutive trading sessions with significant number of shares exchanging hands. In the last trading session, SFD was among the top performers in the Canadian energy sector having gained 6.7% breaking the 200-DMA of C$1.49. The stock ended yesterday at C$1.58 while recording huge volumes of 759,646 shares. During the last 5-trading sessions, SFD gained 31.7% with 5-day average trading volumes of 92,038 shares, while the stock accumulated over 65% during the past one month with daily average trading volumes of 45,422 shares.
Company Description:
NXT Energy Solutions Inc (TSXV: SFD) provides wide-area airborne exploration services to the oil and gas industry. The Company uses its stress field detector technology to survey large exploration areas to identify potential locations for further exploration and drilling.
1-Year Stock Chart:
Source: Bloomberg
