Neptune Digital Assets (CVE:NDA) Trading Up 22.5% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shares were up 22.5% during mid-day trading on Friday . The company traded as high as C$2.14 and last traded at C$2.07. Approximately 3,704,924 shares changed hands during trading, an increase of 233% from the average daily volume of 1,112,054 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

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

Neptune Digital Assets Trading Up 29.0 %

The firm has a fifty day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.63. The stock has a market cap of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

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.