Neptune Digital Assets (CVE:NDA) Shares Up 29% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 29% during mid-day trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares traded hands during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

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 firm has a fifty day simple moving average of C$1.07 and a 200 day simple moving average of C$0.64. The company has a market capitalization of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25.

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.