Neptune Digital Assets (CVE:NDA) Trading Up 28.1% – What’s Next?

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 28.1% during trading on Wednesday . The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares traded hands during trading, an increase of 136% from the average session volume of 1,409,131 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price objective 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.

Neptune Digital Assets Stock Performance

The business has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$0.66. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of C$353.76 million, a price-to-earnings 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.