Neptune Digital Assets (CVE:NDA) Trading Up 17.8% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 17.8% on Friday . The company traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright upped 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 research note on Monday, December 23rd.

Neptune Digital Assets Stock Up 29.0 %

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 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 business’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.