Neptune Digital Assets (CVE:NDA) Trading 28.1% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 28.1% on Wednesday . The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares changed 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.

Analyst Upgrades and Downgrades

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 report on Monday, December 23rd.

Neptune Digital Assets Stock Up 28.1 %

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 stock’s fifty day simple moving average is C$1.12 and its 200-day simple moving average is C$0.66. The stock has a market cap of C$353.76 million, a P/E 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.