NXT Energy Solutions (OTCMKTS:NSFDF) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of NXT Energy Solutions Inc. (OTCMKTS:NSFDF) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.39 and traded as low as $0.2316. NXT Energy Solutions shares last traded at $0.2316, with a volume of 175 shares changing hands.

NXT Energy Solutions Stock Performance

The stock has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $23.78 million, a price-to-earnings ratio of -5.01 and a beta of 1.40.

NXT Energy Solutions (OTCMKTS:NSFDF) last announced its quarterly earnings data on Wednesday, November 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. 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 $0.07 million during the quarter.

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.