Neptune Digital Assets (CVE:NDA) Trading Up 20.1% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 20.1% on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.61. 2,415,117 shares were traded during mid-day trading, an increase of 300% from the average session volume of 604,469 shares. The stock had previously closed at C$1.34.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted 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 Trading Up 28.4 %

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$218.87 million, a PE ratio of -8.67 and a beta of 3.25. The stock has a fifty day moving average of C$1.00 and a 200 day moving average of C$0.59.

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.