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Neptune Digital Assets (CVE:NDA) Trading 15.4% Higher - Here's Why

Neptune Digital Assets logo with Financial Services background

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price was up 15.4% during mid-day trading on Monday . The stock traded as high as C$1.36 and last traded at C$1.35. Approximately 891,329 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 418,032 shares. The stock had previously closed at C$1.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a "buy" rating in a report on Monday, December 23rd.

Check Out Our Latest Analysis on Neptune Digital Assets

Neptune Digital Assets Price Performance

The company's fifty day moving average is C$1.00 and its two-hundred day moving average is C$0.59. 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 firm has a market capitalization of C$170.52 million, a price-to-earnings 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.

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