Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Here’s Why

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

Analyst Upgrades and Downgrades

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.

Neptune Digital Assets Stock Performance

The company has a 50-day moving average of C$1.07 and a 200-day moving average of C$0.63. The company has a market cap of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

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.