Next Hydrogen Solutions (CVE:NXH) Stock Price Up 1.5%

Next Hydrogen Solutions Inc. (CVE:NXH – Get Rating) shares rose 1.5% during mid-day trading on Wednesday . The stock traded as high as C$1.37 and last traded at C$1.37. Approximately 235 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 9,947 shares. The stock had previously closed at C$1.35.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their price objective on shares of Next Hydrogen Solutions from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 17th.

Next Hydrogen Solutions Stock Performance

The firm’s 50-day moving average price is C$1.34 and its two-hundred day moving average price is C$1.50. The firm has a market capitalization of C$31.36 million and a PE ratio of -2.01. The company has a quick ratio of 4.66, a current ratio of 5.47 and a debt-to-equity ratio of 7.28.

About Next Hydrogen Solutions

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Next Hydrogen Solutions Inc designs, manufactures, and sells water and electricity electrolyzers to generate clean hydrogen for use as an energy source. It offers commercial solutions to decarbonize transportation and industrial sectors. The company was founded in 2007 and is headquartered in Mississauga, Canada.