Neptune Digital Assets (CVE:NDA) Trading 20.1% Higher – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shot up 20.1% during mid-day trading on Tuesday . The company traded as high as C$1.69 and last traded at C$1.61. 2,415,117 shares traded hands during mid-day trading, an increase of 300% from the average session volume of 604,469 shares. The stock had previously closed at C$1.34.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on 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$218.87 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock has a 50 day moving average price of C$1.00 and a 200-day moving average price of C$0.59. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.