NXT Energy Solutions (OTCMKTS:NSFDF) Issues Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) issued its earnings results on Thursday. The energy company reported ($0.01) earnings per share for the quarter, Zacks reports. NXT Energy Solutions had a negative return on equity of 21.32% and a negative net margin of 16.33%.

NXT Energy Solutions Stock Performance

Shares of OTCMKTS NSFDF opened at $0.31 on Friday. The stock has a market capitalization of $37.03 million, a P/E ratio of -15.50 and a beta of 1.32. The firm’s 50-day moving average price is $0.27 and its two-hundred day moving average price is $0.26. NXT Energy Solutions has a 52-week low of $0.20 and a 52-week high of $0.67. The company has a quick ratio of 2.69, a current ratio of 2.69 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.