Neptune Digital Assets (CVE:NDA) Trading Up 28.1% on Analyst Upgrade

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s share price shot up 28.1% on Thursday after HC Wainwright raised their price target on the stock from C$2.00 to C$3.00. The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares were traded during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Neptune Digital Assets Price Performance

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The company has a 50 day simple moving average of C$1.23 and a 200 day simple moving average of C$0.71. The stock has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

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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.

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