NXT Energy Solutions (OTCMKTS:NSFDF) Announces Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) released its earnings results on Thursday. The energy company reported ($0.02) EPS for the quarter, Zacks reports. NXT Energy Solutions had a negative return on equity of 59.54% and a negative net margin of 312.44%.

NXT Energy Solutions Stock Performance

NSFDF remained flat at $0.27 during midday trading on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34. NXT Energy Solutions has a 1 year low of $0.16 and a 1 year high of $0.67. The company has a market cap of $32.27 million, a price-to-earnings ratio of -5.40 and a beta of 1.32. The company’s fifty day moving average is $0.29 and its 200 day moving average is $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.