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

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

NXT Energy Solutions Stock Performance

Shares of NSFDF stock traded down $0.01 during trading on Thursday, reaching $0.27. The company’s 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 stock’s 50-day moving average price is $0.29 and its 200 day moving average price 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.

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.