Neptune Digital Assets (CVE:NDA) Shares Up 11.1% – Here’s What Happened

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 11.1% on Tuesday . The company traded as high as C$2.21 and last traded at C$2.21. 220,223 shares changed hands during trading, a decline of 82% from the average session volume of 1,208,042 shares. The stock had previously closed at C$1.99.

Analyst Ratings Changes

Separately, HC Wainwright raised their price objective 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 Up 14.1 %

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The company has a market cap of C$288.86 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50-day moving average of C$1.09 and a two-hundred day moving average of C$0.65.

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.