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

Key Points

• NXT Energy Solutions reported a quarterly earnings per share of ($0.06), reflecting a continued financial struggle for the company.
• The company's stock reached $0.64 with a market cap of $59.70 million, indicating modest trading activity compared to its average volume.
• NXT Energy Solutions specializes in providing proprietary technology services to the oil and gas industry, utilizing its stress field detection technology for exploration purposes.

NXT Energy Solutions (OTCMKTS:NSFDF - Get Free Report) announced its earnings results on Monday. The energy company reported ($0.06) earnings per share for the quarter, Zacks reports.

NXT Energy Solutions Stock Performance

Shares of NXT Energy Solutions stock traded up $0.02 on Monday, hitting $0.64. The stock had a trading volume of 14,511 shares, compared to its average volume of 40,576. The stock has a market cap of $59.70 million, a price-to-earnings ratio of -64.16 and a beta of 1.55. NXT Energy Solutions has a twelve month low of $0.10 and a twelve month high of $0.65. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $0.48 and its two-hundred day moving average is $0.31.

About NXT Energy Solutions

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.

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