Neptune Digital Assets (CVE:NDA) Stock Price Up 29% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shares were up 29% on Friday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares were traded during mid-day trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright lifted 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 report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The company has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50 day moving average price of C$1.07 and a two-hundred day moving average price of C$0.63. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

About Neptune Digital Assets

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.