Neptune Digital Assets (CVE:NDA) Stock Price Up 14.5% – What’s Next?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 14.5% during mid-day trading on Monday . The stock traded as high as C$1.36 and last traded at C$1.34. 444,427 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 370,229 shares. The stock had previously closed at C$1.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price 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 23.1 %

The company has a fifty day moving average price of C$1.01 and a 200-day moving average price of C$0.60. 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$209.96 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.