Neptune Digital Assets (CVE:NDA) Trading 20.1% Higher – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 20.1% during trading on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.61. Approximately 2,415,117 shares traded hands during mid-day trading, an increase of 300% from the average daily volume of 604,469 shares. The stock had previously closed at C$1.34.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their price objective on shares of 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 has a market capitalization of C$215.05 million, a price-to-earnings 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. The stock has a 50-day simple moving average of C$1.05 and a 200 day simple moving average of C$0.62.

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.