Neptune Digital Assets (CVE:NDA) Shares Up 24.4% - Here's What Happened

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares traded up 24.4% during trading on Wednesday . The stock traded as high as C$2.70 and last traded at C$2.70. 3,223,401 shares traded hands during mid-day trading, an increase of 130% from the average session volume of 1,404,529 shares. The stock had previously closed at C$2.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price 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.

Neptune Digital Assets Stock 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 stock has a 50-day moving average of C$1.12 and a 200-day moving average of C$0.66. The firm has a market cap of C$353.76 million, a price-to-earnings 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.

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