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

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

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised 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 research note on Monday, December 23rd.

Neptune Digital Assets Stock Up 28.1 %

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The company has a market cap of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50 day moving average price of C$1.16 and a 200 day moving average price of C$0.68.

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.