Neptune Digital Assets (CVE:NDA) Stock Price Up 28.1% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shot up 28.1% during mid-day trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares traded hands during trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

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 report on Monday, December 23rd.

Neptune Digital Assets Stock Up 28.1 %

The firm has a market capitalization of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The firm’s 50-day moving average is C$1.16 and its 200 day moving average is C$0.68.

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.