Neptune Digital Assets (CVE:NDA) Shares Up 15.4% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 15.4% during mid-day trading on Monday . The stock traded as high as C$1.36 and last traded at C$1.35. 891,329 shares changed hands during trading, an increase of 113% from the average session volume of 418,032 shares. The stock had previously closed at C$1.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their target price 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 15.4 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The business has a 50 day simple moving average of C$0.99 and a 200 day simple moving average of C$0.59. The stock has a market cap of C$171.79 million, a PE ratio of -8.67 and a beta of 3.25.

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.