Neptune Digital Assets (CVE:NDA) Trading 28.1% Higher on Analyst Upgrade

Neptune Digital Assets Corp. (CVE:NDA) traded up 28.1% on Thursday after HC Wainwright raised their price target on the stock from C$2.00 to C$3.00. The company traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Neptune Digital Assets Trading Down 6.3 %

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 50 day simple moving average of C$1.23 and a 200 day simple moving average of C$0.71. The company has a market capitalization of C$319.40 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.