Neptune Digital Assets (CVE:NDA) Shares Up 9.5% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price was up 9.5% during mid-day trading on Friday . The company traded as high as C$1.85 and last traded at C$1.85. Approximately 341,101 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 903,082 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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 Price Performance

The business’s 50-day simple moving average is C$1.07 and its two-hundred day simple moving average is C$0.63. 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 has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.