Neptune Digital Assets (CVE:NDA) Stock Price Up 27.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped 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 Price Performance

The firm’s 50 day simple moving average is C$1.00 and its two-hundred day simple moving average is C$0.59. The firm has a market capitalization of C$209.96 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.