Neptune Digital Assets (CVE:NDA) Trading Up 28.1% Following Analyst Upgrade

Neptune Digital Assets Corp. (CVE:NDA) traded up 28.1% during trading 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. 3,322,909 shares traded hands during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Neptune Digital Assets Stock Down 6.3 %

The business has a 50 day moving average of C$1.23 and a 200 day moving average of C$0.71. 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 firm has a market capitalization of C$319.40 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

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.