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

Posted by Samantha Reynolds on Jan 30th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) were up 28.1% on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during mid-day trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective 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.

Check Out Our Latest Stock Analysis on NDA

Neptune Digital Assets Trading Up 28.1 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock’s 50-day simple moving average is C$1.16 and its two-hundred day simple moving average is C$0.68. The firm has a market capitalization of C$353.76 million, a P/E ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

(Get Free Report)

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.