Next Hydrogen Solutions (CVE:NXH) Shares Up 4.8% – What’s Next?

Next Hydrogen Solutions Inc. (CVE:NXH)’s stock price rose 4.8% during trading on Wednesday . The company traded as high as C$0.44 and last traded at C$0.44. Approximately 7,500 shares changed hands during trading, a decline of 19% from the average daily volume of 9,239 shares. The stock had previously closed at C$0.42.

Analyst Ratings Changes

Separately, TD Securities decreased their target price on shares of Next Hydrogen Solutions from C$0.75 to C$0.50 and set a “hold” rating on the stock in a research report on Friday, August 16th.

Next Hydrogen Solutions Stock Performance

The stock has a market cap of C$11.45 million, a price-to-earnings ratio of -0.79 and a beta of 0.22. The company has a quick ratio of 4.66, a current ratio of 2.01 and a debt-to-equity ratio of 31.25. The company has a 50 day simple moving average of C$0.45 and a 200 day simple moving average of C$0.53.

About Next Hydrogen Solutions

Next Hydrogen Solutions Inc develops and produces water electrolyzers to work with intermittent renewable energy. The company was founded in 2007 and is headquartered in Mississauga, Canada.