Neptune Digital Assets (CVE:NDA) Shares Up 18.6% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shot up 18.6% during mid-day trading on Tuesday . The stock traded as high as C$2.38 and last traded at C$2.36. Approximately 1,144,878 shares changed hands during trading, a decline of 9% from the average session volume of 1,254,087 shares. The stock had previously closed at C$1.99.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Trading Down 3.6 %

The company has a market cap of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business has a fifty day simple moving average of C$1.20 and a 200 day simple moving average of C$0.69. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

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.