Neptune Digital Assets (CVE:NDA) Trading Up 17.1% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) traded up 17.1% on Wednesday . The stock traded as high as C$2.55 and last traded at C$2.54. 871,486 shares traded hands during trading, a decline of 32% from the average session volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, HC Wainwright raised 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 Trading Up 18.9 %

The company has a market cap of C$328.31 million, a PE 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. The stock has a fifty day moving average of C$1.12 and a 200-day 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.