Next Hydrogen Solutions (CVE:NXH) Hits New 1-Year Low at $0.40

Next Hydrogen Solutions Inc. (CVE:NXH)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.41, with a volume of 85014 shares trading hands. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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 note on Friday, August 16th.

Next Hydrogen Solutions Stock Down 8.9 %

The firm has a market cap of C$9.39 million, a PE ratio of -0.73 and a beta of 0.26. 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 business has a fifty day moving average price of C$0.56 and a two-hundred day moving average price of C$0.64.

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.