Neptune Digital Assets (CVE:NDA) Trading 28.4% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 28.4% during mid-day trading on Friday . The company traded as high as C$2.24 and last traded at C$2.17. 4,965,272 shares were traded during trading, an increase of 330% from the average session volume of 1,155,185 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

Separately, HC Wainwright upped their price target on shares of 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 Performance

The stock has a market cap of C$277.41 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’s 50-day moving average is C$1.07 and its 200-day moving average is C$0.63.

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.