NXT Energy Solutions (OTCMKTS:NSFDF) Announces Earnings Results

NXT Energy Solutions (OTCMKTS:NSFDF) announced its earnings results on Tuesday. The energy company reported ($0.01) earnings per share for the quarter, Zacks reports. NXT Energy Solutions had a negative return on equity of 49.12% and a negative net margin of 29.96%.The company had revenue of $1.53 million for the quarter.

NXT Energy Solutions Price Performance

Shares of NSFDF stock remained flat at $0.27 during trading hours on Thursday. 6,500 shares of the stock traded hands, compared to its average volume of 11,603. The firm has a market capitalization of $31.93 million, a PE ratio of -6.72 and a beta of 1.34. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. NXT Energy Solutions has a 52-week low of $0.15 and a 52-week high of $0.67. The business’s fifty day moving average is $0.25 and its two-hundred day moving average is $0.28.

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.