Next Hydrogen Solutions (CVE:NXH) Trading Up 4.8% – Still a Buy?

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

Analysts Set New Price Targets

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

Next Hydrogen Solutions Trading Up 4.8 %

The stock has a market capitalization of C$10.08 million, a PE 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 business’s 50-day moving average is C$0.44 and its two-hundred day moving average is C$0.53.

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.