Neptune Digital Assets (CVE:NDA) Stock Price Up 24.4% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 24.4% during trading on Wednesday . The company traded as high as C$2.70 and last traded at C$2.70. Approximately 3,223,401 shares traded hands during trading, an increase of 130% from the average daily volume of 1,404,529 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on 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 Up 28.1 %

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 capitalization of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25. The firm has a fifty day simple moving average of C$1.12 and a 200-day simple moving average of C$0.66.

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.