Neptune Digital Assets (CVE:NDA) Shares Up 29% – What’s Next?

Posted by Alanna Baker on Jan 26th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report)’s stock price shot up 29% during trading on Friday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares were traded during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped 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.

Read Our Latest Stock Analysis on NDA

Neptune Digital Assets Trading Up 29.0 %

The company’s fifty day moving average price is C$1.07 and its two-hundred day moving average price is C$0.63. 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$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

(Get Free Report)

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.