Neptune Digital Assets (CVE:NDA) Trading 14.3% Higher – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price traded up 14.3% during trading on Wednesday . The stock traded as high as C$2.55 and last traded at C$2.48. 1,444,372 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 1,311,654 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price objective on 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 Price Performance

The company has a market capitalization of C$343.58 million, a PE ratio of -8.67 and a beta of 3.25. 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’s 50 day simple moving average is C$1.12 and its 200-day simple moving average is C$0.66.

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.