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

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s share price shot up 29% during mid-day trading on Friday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares changed hands during trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised 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.

Read Our Latest Report on Neptune Digital Assets

Neptune Digital Assets Stock Up 29.0 %

The company’s fifty day simple moving average is C$1.07 and its 200 day simple moving average is 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. The firm 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

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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.

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