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

Posted by Doug Wharley on Jan 25th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report)’s share price shot up 29% during trading on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares traded 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 boosted their price objective 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.

Check Out Our Latest Analysis on NDA

Neptune Digital Assets Stock Up 29.0 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The firm has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The firm has a 50 day moving average price of C$1.07 and a 200-day moving average price of C$0.63.

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.