NXT Energy Solutions (TSE:SFD) Issues Earnings Results

NXT Energy Solutions (TSE:SFD) released its earnings results on Thursday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports. NXT Energy Solutions had a negative return on equity of 91.33% and a negative net margin of 310.81%.

NXT Energy Solutions Price Performance

Shares of TSE SFD remained flat at C$0.34 during trading hours on Friday. The firm has a market cap of C$40.63 million, a PE ratio of -2.43 and a beta of -0.27. NXT Energy Solutions has a twelve month low of C$0.27 and a twelve month high of C$0.93. The business’s 50 day simple moving average is C$0.40 and its 200-day simple moving average is C$0.38. The company has a debt-to-equity ratio of 15.21, a quick ratio of 0.35 and a current ratio of 2.34.

Insider Transactions at NXT Energy Solutions

In other news, insider Chee Pheng Cheng sold 92,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$0.48, for a total transaction of C$44,400.00. Following the completion of the transaction, the insider directly owned 10,549,506 shares of the company’s stock, valued at approximately C$5,063,762.88. This trade represents a 0.87% decrease in their position. Over the last 90 days, insiders have sold 369,225 shares of company stock valued at $152,992. Insiders own 39.71% of the company’s stock.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.