NXT Energy Solutions (OTCMKTS:NSFDF) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

NXT Energy Solutions Inc. (OTCMKTS:NSFDF)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.40 and traded as low as $0.2335. NXT Energy Solutions shares last traded at $0.2335, with a volume of 13,110 shares traded.

NXT Energy Solutions Stock Down 3.6%

The firm’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $0.40. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $27.16 million, a price-to-earnings ratio of -5.84 and a beta of 1.40.

NXT Energy Solutions (OTCMKTS:NSFDF) last announced its quarterly earnings results on Wednesday, November 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative return on equity of 49.12% and a negative net margin of 29.96%.The firm had revenue of $0.07 million for the quarter.

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.