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

Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) were up 28.1% on Wednesday . The stock 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.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on shares of 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 firm has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The firm'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.

Neptune Digital Assets Company Profile

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.