Neptune Digital Assets (CVE:NDA) Trading Up 14.5% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 14.5% on Monday . The company traded as high as C$1.36 and last traded at C$1.34. 444,427 shares traded hands during trading, an increase of 20% from the average session volume of 370,229 shares. The stock had previously closed at C$1.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price objective on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The firm has a fifty day simple moving average of C$0.99 and a 200 day simple moving average of C$0.59. The company has a market capitalization of C$170.52 million, a PE ratio of -8.67 and a beta of 3.25.

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.