Neptune Digital Assets (CVE:NDA) Shares Up 17.1% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shot up 17.1% during trading on Tuesday . The company traded as high as C$2.37 and last traded at C$2.33. 860,842 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,236,465 shares. The stock had previously closed at C$1.99.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their target price on shares of 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 Stock Up 9.0 %

The stock has a fifty day moving average of C$1.09 and a 200-day moving average of C$0.65. The firm has a market capitalization of C$276.13 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.

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.