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

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

Analyst Ratings Changes

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

Neptune Digital Assets Stock Up 29.0 %

The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The firm has a fifty day simple moving average of C$1.07 and a 200-day simple moving average of C$0.64.

Neptune Digital Assets Company Profile

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.