Neptune Digital Assets (CVE:NDA) Hits New 1-Year High – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) hit a new 52-week high during trading on Friday . The company traded as high as C$0.56 and last traded at C$0.51, with a volume of 2325974 shares trading hands. The stock had previously closed at C$0.43.

Neptune Digital Assets Trading Up 18.6 %

The business’s 50 day simple moving average is C$0.28 and its 200 day simple moving average is C$0.29. 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 stock has a market cap of C$64.90 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets (CVE:NDA) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.02 earnings per share for the quarter. Neptune Digital Assets had a negative net margin of 12.88% and a negative return on equity of 0.54%. The firm had revenue of C$0.65 million for the quarter, compared to analysts’ expectations of C$0.55 million. On average, research analysts expect that Neptune Digital Assets Corp. will post -0.01 EPS for the current fiscal year.

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.