NXT Energy Solutions (OTCMKTS:NSFDF) Posts Quarterly Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) released its earnings results on Thursday. The energy company reported ($0.02) earnings per share for the quarter, Zacks reports. NXT Energy Solutions had a negative return on equity of 91.43% and a negative net margin of 312.44%.

NXT Energy Solutions Trading Down 3.6%

Shares of OTCMKTS:NSFDF traded down $0.01 during trading hours on Thursday, reaching $0.27. The stock had a trading volume of 8,000 shares, compared to its average volume of 9,625. NXT Energy Solutions has a 1 year low of $0.16 and a 1 year high of $0.67. The firm’s 50 day moving average is $0.29 and its 200-day moving average is $0.27. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.09.

About NXT Energy Solutions

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.