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

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s share price was up 28.1% during trading on Wednesday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded during mid-day 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 Analyst Weigh In

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

Neptune Digital Assets Stock Down 3.6 %

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 stock has a 50 day simple moving average of C$1.16 and a 200 day simple moving average of C$0.68. The stock has a market cap of C$341.03 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.