NXT Energy Solutions (OTCMKTS:NSFDF) Shares Cross Below 200 Day Moving Average – What’s Next?

NXT Energy Solutions Inc. (OTCMKTS:NSFDF)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 Trading Down 7.4%

The firm has a market capitalization of $27.47 million, a price-to-earnings ratio of -5.79 and a beta of 1.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $0.39.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its earnings results on Wednesday, November 12th. The energy company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.07 million during the quarter. NXT Energy Solutions had a negative net margin of 29.96% and a negative return on equity of 49.12%.

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.