Neptune Digital Assets (CVE:NDA) Stock Price Up 11.1% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) rose 11.1% on Tuesday . The company traded as high as C$2.21 and last traded at C$2.21. Approximately 220,223 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,208,042 shares. The stock had previously closed at C$1.99.

Analysts Set New Price Targets

Separately, HC Wainwright upped their price objective 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 28.1 %

The stock has a market capitalization of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a fifty day moving average of C$1.16 and a two-hundred day moving average of C$0.68. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

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.