Neptune Digital Assets (CVE:NDA) Stock Price Up 27.6% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 27.6% during trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.71. Approximately 3,299,176 shares traded hands during trading, an increase of 394% from the average daily volume of 668,010 shares. The stock had previously closed at C$1.34.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Trading Down 5.6 %

The company’s 50-day moving average is C$1.05 and its 200 day moving average is C$0.62. 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 market cap of C$215.05 million, a PE 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.