Neptune Digital Assets (CVE:NDA) Trading Up 28.1% on Analyst Upgrade

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s share price shot up 28.1% during trading on Thursday after HC Wainwright raised their price target on the stock from C$2.00 to C$3.00. The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares traded hands during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Neptune Digital Assets Price Performance

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 firm has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The firm has a 50-day simple moving average of C$1.23 and a 200-day simple moving average of C$0.71.

About Neptune Digital Assets

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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.

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