Neptune Digital Assets (CVE:NDA) Trading Up 18.6% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) rose 18.6% on Tuesday . The stock traded as high as C$2.38 and last traded at C$2.36. Approximately 1,144,878 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 1,254,087 shares. The stock had previously closed at C$1.99.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price target on 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 Price Performance

The stock’s 50-day moving average price is C$1.09 and its 200 day moving average price is C$0.65. 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$276.13 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.