NXT Energy Solutions (OTCMKTS:NSFDF) Posts Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) issued its quarterly earnings data on Thursday. The energy company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. NXT Energy Solutions had a negative return on equity of 90.32% and a negative net margin of 312.44%.The company had revenue of $0.08 million for the quarter.

NXT Energy Solutions Trading Up 12.9%

Shares of NSFDF traded up $0.04 during mid-day trading on Friday, reaching $0.35. 268,155 shares of the company were exchanged, compared to its average volume of 9,562. NXT Energy Solutions has a 52 week low of $0.20 and a 52 week high of $0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a market capitalization of $41.81 million, a PE ratio of -3.89 and a beta of 1.32. The business has a 50 day simple moving average of $0.27 and a two-hundred day simple moving average of $0.26.

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.