Neptune Digital Assets (CVE:NDA) Trading 28.1% Higher – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 28.1% during mid-day trading on Wednesday . The company traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares changed 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.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their target price on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Neptune Digital Assets Price Performance

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 company has a market capitalization of C$353.76 million, a PE ratio of -8.67 and a beta of 3.25. The company’s 50-day simple moving average is C$1.16 and its 200-day simple moving average is C$0.68.

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.