Neptune Digital Assets (CVE:NDA) Stock Price Up 17.8% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 17.8% during mid-day trading on Friday . The company traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares changed hands during trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Trading Up 29.0 %

The business’s 50-day simple moving average is C$1.07 and its two-hundred day simple moving average is C$0.63. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The company has a market capitalization of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.