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

Shares of Neptune Digital Assets Corp. (CVE:NDA) rose 17.1% during mid-day trading on Wednesday . The company traded as high as C$2.55 and last traded at C$2.54. Approximately 871,486 shares were traded during trading, a decline of 32% from the average daily volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday.

Neptune Digital Assets Stock Down 2.2 %

The company has a market cap of C$333.40 million, a P/E ratio of -8.67 and a beta of 3.25. The stock’s 50-day moving average price is C$1.20 and its 200-day moving average price is C$0.69. 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.