Neptune Digital Assets (CVE:NDA) Stock Price Up 28.1% - Here's What Happened

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price rose 28.1% during trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded 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.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Trading Down 3.6 %

The firm has a market cap of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a fifty day moving average price of C$1.16 and a 200-day moving average price of C$0.68. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

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.