Neptune Digital Assets (CVE:NDA) Stock Price Up 28.1% After Analyst Upgrade

Neptune Digital Assets Corp. (CVE:NDA) rose 28.1% on Thursday after HC Wainwright raised their price target on the stock from C$2.00 to C$3.00. The stock traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Neptune Digital Assets Stock Down 6.3 %

The company has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a 50-day simple moving average of C$1.23 and a 200 day simple moving average of C$0.71. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

About Neptune Digital Assets

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.