NXT Energy Solutions (OTCMKTS:NSFDF) Releases Quarterly Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) released its quarterly earnings results on Thursday. The energy company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. NXT Energy Solutions had a negative net margin of 16.33% and a negative return on equity of 21.32%.

NXT Energy Solutions Price Performance

Shares of NSFDF stock remained flat at $0.31 during trading hours on Thursday. 23,000 shares of the stock traded hands, compared to its average volume of 11,912. The firm has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.26. The stock has a market cap of $37.03 million, a PE ratio of -15.50 and a beta of 1.32. NXT Energy Solutions has a 12-month low of $0.20 and a 12-month high of $0.67. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.09.

NXT Energy Solutions Company Profile

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.