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

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

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

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 firm has a 50 day moving average price of C$1.16 and a 200 day moving average price of C$0.68. The stock has a market cap of C$353.76 million, a PE 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.