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

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

Analyst Ratings Changes

Separately, HC Wainwright upped 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 firm has a market capitalization of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business has a 50 day simple moving average of C$1.07 and a 200-day simple moving average of C$0.63. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

About Neptune Digital Assets

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.