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

Posted by Patrick Bannon on Jan 30th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) was up 28.1% during mid-day trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded 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.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price target 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.

Check Out Our Latest Stock Report on NDA

Neptune Digital Assets Price Performance

The business has a fifty day moving average price of C$1.16 and a 200 day moving average price of C$0.68. The company has a market cap of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

About Neptune Digital Assets

(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.