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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price 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.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target 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 Up 29.0 %

The stock’s 50-day simple moving average is C$1.07 and its 200 day simple moving average is C$0.64. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a market cap of C$277.41 million, a P/E 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.