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

Next Hydrogen Solutions Inc. (CVE:NXH)’s share price fell 1.8% during 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 company has a debt-to-equity ratio of 99.60, a current ratio of 2.26 and a quick ratio of 4.66. The firm has a fifty day simple moving average of C$0.56 and a 200 day simple moving average of C$0.58. The company has a market capitalization of C$37.43 million, a price-to-earnings ratio of -2.45 and a beta of -3.70.

Insider Buying and Selling

In other Next Hydrogen Solutions news, insider James Takashi Hinatsu sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of C$0.55, for a total value of C$27,500.00. Following the sale, the insider directly 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 69,000 shares of company stock valued at $37,950 over the last quarter. 18.54% of the stock is currently owned by company insiders.

About Next Hydrogen Solutions

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.