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

Neptune Digital Assets Corp. (CVE:NDA) traded up 29% on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares changed hands 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.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Stock Up 29.0 %

The business’s 50 day moving average price is C$1.07 and its 200-day moving average price is C$0.64. 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 firm has a market capitalization of C$277.41 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.