Neptune Digital Assets (CVE:NDA) Stock Price Up 29% – Here’s What Happened

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

Analysts Set New Price Targets

Separately, HC Wainwright increased their price target on 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 Stock Up 29.0 %

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 company has a market capitalization of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business’s 50 day moving average is C$1.07 and its 200 day moving average is C$0.63.

About Neptune Digital Assets

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.