Next Hydrogen Solutions (CVE:NXH) Shares Down 19.1% – Here’s What Happened

Next Hydrogen Solutions Inc. (CVE:NXH)’s share price traded down 19.1% during mid-day trading on Wednesday . The company traded as low as C$0.55 and last traded at C$0.55. 1,350 shares traded hands during trading, a decline of 79% from the average session volume of 6,375 shares. The stock had previously closed at C$0.68.

Next Hydrogen Solutions Stock Down 19.1%

The company has a market capitalization of C$38.06 million, a price-to-earnings ratio of -1.38 and a beta of -3.07. The firm’s 50 day moving average price is C$0.59 and its two-hundred day moving average price is C$0.58. The company has a current ratio of 0.94, a quick ratio of 4.66 and a debt-to-equity ratio of -142.47.

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.