Neptune Digital Assets (CVE:NDA) Shares Up 28.4% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 28.4% during mid-day trading on Friday . The company traded as high as C$2.24 and last traded at C$2.17. 4,965,272 shares traded hands during mid-day trading, an increase of 330% from the average session volume of 1,155,185 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their price objective on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The stock’s 50 day moving average is C$1.05 and its two-hundred day moving average is C$0.62. 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 capitalization of C$277.41 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.