Neptune Digital Assets (CVE:NDA) Trading Up 28.1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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 report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The firm’s 50 day moving average is C$1.12 and its 200-day moving average is C$0.66. 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 has a market cap of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

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.