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

NXT Energy Solutions (OTCMKTS:NSFDF) posted its quarterly earnings data 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 NXT Energy Solutions stock opened at $0.27 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a 50-day moving average of $0.29 and a 200-day moving average of $0.27. NXT Energy Solutions has a 52-week low of $0.16 and a 52-week high of $0.67. The stock has a market cap of $32.27 million, a PE ratio of -3.00 and a beta of 1.32.

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.