Neptune Digital Assets (CVE:NDA) Stock Price Up 16.9% – Here’s What Happened

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 16.9% during trading on Thursday . The company traded as high as C$0.42 and last traded at C$0.42. Approximately 353,233 shares changed hands during trading, an increase of 212% from the average daily volume of 113,297 shares. The stock had previously closed at C$0.36.

Neptune Digital Assets Stock Up 18.3 %

The company’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.29. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The firm has a market capitalization of C$53.45 million, a P/E ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets (CVE:NDA) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$0.65 million during the quarter, compared to analyst estimates of C$0.55 million. Neptune Digital Assets had a negative return on equity of 0.54% and a negative net margin of 12.88%. As a group, research analysts expect that Neptune Digital Assets Corp. will post -0.01 earnings per share for the current year.

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.