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

Neptune Digital Assets Corp. (CVE:NDA) shares rose 28.1% during mid-day trading on Wednesday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded 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.

Analysts Set New Price Targets

Separately, HC Wainwright boosted 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 research report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The stock has a market capitalization of C$353.76 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. The company has a 50-day simple moving average of C$1.12 and a two-hundred day simple moving average of C$0.66.

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.