Next Hydrogen Solutions (CVE:NXH) Stock Price Up 1.3% – Should You Buy?

Next Hydrogen Solutions Inc. (CVE:NXH)’s stock price traded up 1.3% during mid-day trading on Thursday . The company traded as high as C$0.41 and last traded at C$0.41. 4,000 shares were traded during mid-day trading, a decline of 57% from the average session volume of 9,288 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

Separately, TD Securities dropped their price target on 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 P/E ratio of -0.89 and a beta of 0.22. The company has a debt-to-equity ratio of 31.25, a current ratio of 2.01 and a quick ratio of 4.66. The stock’s 50 day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.50.

Next Hydrogen Solutions Company Profile

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.