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

Posted by Donald Scott on Dec 14th, 2024

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

Analysts Set New Price Targets

Separately, TD Securities lowered 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.

View Our Latest Report on NXH

Next Hydrogen Solutions Trading Up 23.5 %

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 market cap of C$11.45 million, a P/E ratio of -0.89 and a beta of 0.22. The business has a 50-day moving average price of C$0.44 and a two-hundred day moving average price of C$0.50.

Next Hydrogen Solutions Company Profile

(Get Free Report)

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.