Neptune Digital Assets (CVE:NDA) Stock Price Up 18.4% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA) shares rose 18.4% on Wednesday . The company traded as high as C$2.63 and last traded at C$2.57. Approximately 2,324,853 shares traded hands during trading, an increase of 70% from the average daily volume of 1,364,454 shares. The stock had previously closed at C$2.17.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The company has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$0.66. The firm has a market capitalization of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.