Neptune Digital Assets (CVE:NDA) Trading 11.2% Higher – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 11.2% on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.49. 1,557,027 shares traded hands during trading, an increase of 185% from the average session volume of 547,010 shares. The stock had previously closed at C$1.34.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted 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 Price Performance

The business’s 50 day moving average price is C$1.00 and its 200-day moving average price is C$0.59. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a market cap of C$221.42 million, a PE 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.