Neptune Digital Assets (CVE:NDA) Shares Up 17.1% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s stock price rose 17.1% during trading on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.33. Approximately 860,842 shares were traded during trading, a decline of 30% from the average daily volume of 1,236,465 shares. The stock had previously closed at C$1.99.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price objective on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday.

Neptune Digital Assets Trading Down 3.6 %

The stock has a fifty day moving average of C$1.16 and a 200-day moving average of C$0.68. The company has a market cap of C$341.03 million, a PE ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.