Neptune Digital Assets (CVE:NDA) Trading Up 18.1% – What’s Next?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 18.1% during trading on Tuesday . The company traded as high as C$2.38 and last traded at C$2.35. 1,160,116 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,262,479 shares. The stock had previously closed at C$1.99.

Analyst Ratings Changes

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

Neptune Digital Assets Price Performance

The firm has a 50-day moving average price of C$1.20 and a 200 day moving average price of C$0.69. The stock has a market capitalization of C$341.03 million, a P/E 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.

About Neptune Digital Assets

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.