Neptune Digital Assets (CVE:NDA) Shares Up 16.9% - Here's What Happened

Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shot up 16.9% on Thursday . The stock traded as high as C$0.42 and last traded at C$0.42. 353,233 shares changed hands during mid-day trading, an increase of 212% from the average session volume of 113,297 shares. The stock had previously closed at C$0.36.

Neptune Digital Assets Stock Up 21.1 %

The stock has a market cap of C$54.72 million, a P/E ratio of -8.67 and a beta of 3.25. The stock's 50-day moving average is C$0.28 and its 200-day moving average is C$0.29. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

Neptune Digital Assets (CVE:NDA - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. Neptune Digital Assets had a negative net margin of 12.88% and a negative return on equity of 0.54%. The business had revenue of C$0.65 million during the quarter, compared to analysts' expectations of C$0.55 million. As a group, research analysts anticipate that Neptune Digital Assets Corp. will post -0.01 earnings per share for the current fiscal year.

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.