Neptune Digital Assets (CVE:NDA) Trading Up 22.4% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 22.4% during mid-day trading on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.64. Approximately 2,690,479 shares were traded during trading, an increase of 328% from the average daily volume of 629,041 shares. The stock had previously closed at C$1.34.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on 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 Down 5.6 %

The firm has a market cap of C$215.05 million, a PE ratio of -8.67 and a beta of 3.25. 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 fifty day simple moving average of C$1.05 and a two-hundred day simple moving average of C$0.62.

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.