Neptune Digital Assets (CVE:NDA) Trading 29% Higher – What’s Next?

Posted by Doug Wharley on Jan 24th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) shot up 29% during mid-day trading on Friday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares changed hands during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their target price 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.

View Our Latest Stock Report on Neptune Digital Assets

Neptune Digital Assets Stock Up 29.0 %

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 business has a fifty day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.63. The company has a market capitalization of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

(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.