Neptune Digital Assets (CVE:NDA) Trading 18.1% Higher – Here’s Why

Posted by Latisha Jones on Jan 28th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) rose 18.1% during trading on Tuesday . The company traded as high as C$2.38 and last traded at C$2.35. Approximately 1,160,116 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 1,262,479 shares. The stock had previously closed at C$1.99.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on shares of 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.

Check Out Our Latest Stock Analysis on NDA

Neptune Digital Assets Stock Performance

The stock has a market capitalization of C$276.13 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average of C$1.09 and a 200-day moving average of C$0.65.

Neptune Digital Assets Company Profile

(Get Free Report)

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.