Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 29% on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares traded hands during 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 upped their price target 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 Trading Up 29.0 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company’s fifty day moving average price is C$1.07 and its 200-day moving average price is C$0.63.

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.