Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) rose 29% during mid-day trading on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares were traded during trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.
Analysts Set New Price Targets
Separately, HC Wainwright upped their price target on Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd.
View Our Latest Stock Analysis on NDA
Neptune Digital Assets Stock Up 29.0 %
The company has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50 day moving average price of C$1.07 and a 200 day moving average price of C$0.63. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.
About Neptune Digital Assets
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Neptune Digital Assets, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Neptune Digital Assets wasn't on the list.
While Neptune Digital Assets currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
