Neptune Digital Assets (CVE:NDA) Shares Up 29% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 29% during mid-day trading on Saturday . The company 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.

Analysts Set New Price Targets

Separately, HC Wainwright increased 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 research report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The stock has a fifty day simple moving average of C$1.07 and a 200-day simple moving average of C$0.64. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The stock has a market cap of C$277.41 million, a price-to-earnings 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.