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

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

NXT Energy Solutions Stock Performance

Shares of OTCMKTS NSFDF remained flat at $0.27 during mid-day trading on Thursday. The stock had a trading volume of 6,500 shares, compared to its average volume of 11,603. The company’s fifty day moving average is $0.25 and its two-hundred day moving average is $0.28. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. NXT Energy Solutions has a fifty-two week low of $0.15 and a fifty-two week 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.

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.