NXT Energy Solutions (OTCMKTS:NSFDF) Announces Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) announced its quarterly earnings results on Thursday. The energy company reported ($0.02) EPS for the quarter, Zacks reports. NXT Energy Solutions had a negative net margin of 312.44% and a negative return on equity of 91.43%.

NXT Energy Solutions Stock Down 3.6%

Shares of OTCMKTS NSFDF traded down $0.01 during mid-day trading on Thursday, reaching $0.27. 8,000 shares of the company’s stock traded hands, compared to its average volume of 9,625. NXT Energy Solutions has a 1-year low of $0.16 and a 1-year high of $0.67. The stock has a market cap of $32.27 million, a P/E ratio of -3.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34. The business has a 50-day simple moving average of $0.29 and a 200 day simple moving average of $0.27.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian technology company specializing in non-invasive subsurface exploration for the oil and gas industry. Headquartered in Langley, British Columbia, the company develops and deploys advanced electromagnetic and magnetic gradiometry survey systems designed to detect and map hydrocarbon reservoirs without the need for traditional drilling or seismic sources. By integrating multiple geophysical techniques, NXT Energy Solutions aims to reduce exploration risk, optimize well placement and improve overall reservoir characterization.

The company’s core offering centers on a patented low-frequency electromagnetic (“EM”) technology combined with high-sensitivity magnetic gradiometer sensors.