NXT Energy Solutions (OTCMKTS:NSFDF) Issues Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) posted its quarterly earnings results on Thursday. The energy company reported ($0.01) 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 Stock Performance

OTCMKTS:NSFDF remained flat at $0.31 during midday trading on Thursday. 23,000 shares of the company were exchanged, compared to its average volume of 11,912. The business has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.26. NXT Energy Solutions has a 52 week low of $0.20 and a 52 week high of $0.67. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $37.03 million, a PE ratio of -15.50 and a beta of 1.32.

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.