Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares rose 28.1% during mid-day trading on Wednesday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.
Analysts Set New Price Targets
Separately, HC Wainwright lifted their price target on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday.
Read Our Latest Stock Analysis on NDA
Neptune Digital Assets Price Performance
The company has a market cap of C$319.40 million, a PE ratio of -8.67 and a beta of 3.25. The business's 50 day moving average price is C$1.23 and its 200-day moving average price is C$0.71. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.
About Neptune Digital Assets
(
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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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