Next Hydrogen Solutions (CVE:NXH) Trading Up 3.8% – Still a Buy?

Next Hydrogen Solutions Inc. (CVE:NXH)’s share price rose 3.8% on Monday . The company traded as high as C$0.55 and last traded at C$0.55. Approximately 1,000 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 7,224 shares. The stock had previously closed at C$0.53.

Next Hydrogen Solutions Stock Performance

The company has a debt-to-equity ratio of 69.00, a quick ratio of 4.66 and a current ratio of 2.50. The firm has a market capitalization of C$38.12 million, a PE ratio of -1.77 and a beta of -3.06. The firm’s 50 day moving average price is C$0.58 and its 200-day moving average price is C$0.59.

Insider Transactions at Next Hydrogen Solutions

In other Next Hydrogen Solutions news, insider James Takashi Hinatsu sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of C$0.55, for a total value of C$27,500.00. Following the sale, the insider directly owned 161,750 shares of the company’s stock, valued at approximately C$88,962.50. This trade represents a 23.61% decrease in their ownership of the stock. Corporate insiders own 18.54% of the company’s stock.

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.