NXT Energy Solutions (TSE:SFD) Announces Earnings Results

NXT Energy Solutions (TSE:SFD) issued its earnings results on Thursday. The company reported C($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. NXT Energy Solutions had a negative return on equity of 91.33% and a negative net margin of 310.81%.

NXT Energy Solutions Stock Performance

Shares of SFD stock opened at C$0.34 on Friday. The firm has a market capitalization of C$40.63 million, a price-to-earnings ratio of -2.43 and a beta of -0.27. The company has a current ratio of 2.34, a quick ratio of 0.35 and a debt-to-equity ratio of 15.21. The business’s 50-day moving average price is C$0.40 and its 200-day moving average price is C$0.38. NXT Energy Solutions has a 12 month low of C$0.27 and a 12 month high of C$0.93.

Insider Activity

In other news, insider Chee Pheng Cheng sold 92,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$0.48, for a total value of C$44,400.00. Following the completion of the transaction, the insider owned 10,549,506 shares of the company’s stock, valued at C$5,063,762.88. This represents a 0.87% decrease in their ownership of the stock. Insiders sold a total of 294,725 shares of company stock valued at $126,927 over the last three months. Corporate insiders own 39.71% of the company’s stock.

NXT Energy Solutions Company Profile

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.