Neptune Digital Assets (CVE:NDA) Trading 23.1% Higher – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 23.1% during mid-day trading on Friday . The stock traded as high as C$2.14 and last traded at C$2.08. 3,068,166 shares were traded during mid-day trading, an increase of 185% from the average session volume of 1,075,315 shares. The stock had previously closed at C$1.69.

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 company a “buy” rating in a research note on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The stock has a 50 day simple moving average of C$1.07 and a 200 day simple moving average of C$0.63. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

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.