NXT Energy Solutions Inc. (OTCMKTS:NSFDF – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 24,798 shares, a drop of 82.9% from the September 30th total of 144,684 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 41,546 shares, the short-interest ratio is currently 0.6 days.
NXT Energy Solutions Stock Up 3.7%
NSFDF opened at $0.28 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.70. NXT Energy Solutions has a fifty-two week low of $0.16 and a fifty-two week high of $0.38. The firm’s fifty day moving average is $0.25 and its 200 day moving average is $0.27. The stock has a market cap of $33.48 million, a price-to-earnings ratio of -5.60 and a beta of 1.32.
NXT Energy Solutions (OTCMKTS:NSFDF – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.02) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative return on equity of 62.75% and a negative net margin of 312.44%.
NXT Energy Solutions Company Profile
NXT Energy Solutions Inc is a Canadian technology and energy-services company that provides airborne geophysical surveying services to the oil and gas industry. Its principal technology, known as Stress Field Detection (SFD), is designed to identify subsurface stress anomalies that may be associated with hydrocarbon accumulations.
The company’s SFD surveys are intended to help screen large and difficult-to-access areas during the early stages of petroleum exploration. By collecting data from aircraft, NXT Energy Solutions seeks to provide exploration companies and resource owners with information that can assist in evaluating prospective basins and prioritizing targets for further geological and geophysical investigation.
Headquartered in Calgary, Alberta, NXT Energy Solutions has marketed its technology for use in international exploration programs.
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