NXT Energy Solutions (TSE:SFD) Reaches New 1-Year Low – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.27 and last traded at C$0.27, with a volume of 750 shares traded. The stock had previously closed at C$0.30.

NXT Energy Solutions Price Performance

The firm has a market capitalization of C$32.29 million, a P/E ratio of -3.86 and a beta of -0.66. The company has a quick ratio of 0.35, a current ratio of 1.70 and a debt-to-equity ratio of 16.52. The business’s 50 day moving average is C$0.36 and its 200-day moving average is C$0.38.

NXT Energy Solutions (TSE:SFD) last issued its earnings results on Thursday, August 6th. The company reported C($0.02) earnings per share for the quarter. NXT Energy Solutions had a negative net margin of 341.83% and a negative return on equity of 62.62%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.