Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 29% on Friday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares changed hands during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their price objective 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 Trading Up 29.0 %

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 market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a 50-day moving average price of C$1.07 and a 200 day moving average price of 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.