Neptune Digital Assets (CVE:NDA) Shares Up 22.1% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 22.1% on Wednesday . The company traded as high as C$2.70 and last traded at C$2.65. 3,154,258 shares were traded during mid-day trading, an increase of 125% from the average session volume of 1,404,529 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their target price on 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 28.1 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock’s 50 day moving average is C$1.12 and its 200-day moving average is C$0.66. The company has a market capitalization of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25.

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.