Next Hydrogen Solutions (CVE:NXH) Stock Price Down 1.8% – Here’s Why

Shares of Next Hydrogen Solutions Inc. (CVE:NXHGet Free Report) fell 1.8% during mid-day trading on Wednesday . The stock traded as low as C$0.54 and last traded at C$0.54. 3,500 shares changed hands during trading, a decline of 53% from the average session volume of 7,523 shares. The stock had previously closed at C$0.55.

Next Hydrogen Solutions Stock Performance

The firm has a fifty day simple moving average of C$0.56 and a 200-day simple moving average of C$0.57. The company has a market cap of C$38.12 million, a PE ratio of -2.50 and a beta of -3.70. The company has a quick ratio of 4.66, a current ratio of 2.26 and a debt-to-equity ratio of 99.60.

Insider Activity

In other Next Hydrogen Solutions news, insider James Takashi Hinatsu sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of C$0.55, for a total transaction of C$27,500.00. Following the transaction, the insider 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. Insiders sold a total of 69,000 shares of company stock worth $37,950 over the last 90 days. Company insiders own 18.54% of the company’s stock.

About Next Hydrogen Solutions

(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.

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