Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) rose 19.8% during mid-day trading on Wednesday . The company traded as high as C$2.64 and last traded at C$2.60. Approximately 2,822,528 shares changed hands during trading, an increase of 103% from the average daily volume of 1,387,974 shares. The stock had previously closed at C$2.17.
Wall Street Analyst Weigh In
Separately, HC Wainwright raised their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a "buy" rating in a report on Monday, December 23rd.
Check Out Our Latest Stock Analysis on NDA
Neptune Digital Assets Stock Performance
The stock's 50 day moving average price is C$1.12 and its 200 day moving average price is C$0.66. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The firm has a market cap of C$353.76 million, a PE ratio of -8.67 and a beta of 3.25.
Neptune Digital Assets Company Profile
(
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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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