NXT Energy Solutions (TSE:SFD) Sets New 12-Month Low – Here’s What Happened

NXT Energy Solutions Inc. (TSE:SFD)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.25 and last traded at C$0.25, with a volume of 10688 shares trading hands. The stock had previously closed at C$0.25.

NXT Energy Solutions Stock Performance

The stock has a market capitalization of C$31.09 million, a PE ratio of -3.71 and a beta of -0.66. The company has a current ratio of 1.70, a quick ratio of 0.35 and a debt-to-equity ratio of 16.52. The firm has a 50-day moving average price of C$0.35 and a 200-day moving average price of C$0.38.

NXT Energy Solutions (TSE:SFD) last posted its quarterly 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.