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

NXT Energy Solutions (OTCMKTS:NSFDF) issued its quarterly earnings data on Tuesday. The energy company reported ($0.01) EPS for the quarter, Zacks reports. NXT Energy Solutions had a negative net margin of 29.96% and a negative return on equity of 49.12%. The business had revenue of $1.53 million for the quarter.

NXT Energy Solutions Price Performance

NSFDF stock remained flat at $0.27 during trading on Thursday. The company had a trading volume of 6,500 shares, compared to its average volume of 11,603. NXT Energy Solutions has a 12 month low of $0.15 and a 12 month high of $0.67. The stock has a market cap of $31.93 million, a PE ratio of -6.72 and a beta of 1.34. The business’s fifty day moving average price is $0.25 and its 200-day moving average price is $0.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.65.

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.