Neptune Digital Assets (CVE:NDA) Trading 18.1% Higher - What's Next?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price was up 18.1% during mid-day trading on Tuesday . The stock traded as high as C$2.38 and last traded at C$2.35. Approximately 1,160,116 shares were traded during trading, a decline of 8% from the average daily volume of 1,262,479 shares. The stock had previously closed at C$1.99.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Down 6.3 %

The stock has a market cap of C$319.40 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business has a fifty day moving average of C$1.23 and a 200 day moving average of C$0.71. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.