Neptune Digital Assets (CVE:NDA) Trading 28.1% Higher – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 28.1% on Wednesday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during mid-day trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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 report on Monday, December 23rd.

Neptune Digital Assets Trading Up 28.1 %

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’s fifty day moving average is C$1.16 and its 200 day moving average is C$0.68. The stock has a market cap of C$353.76 million, a PE ratio of -8.67 and a beta of 3.25.

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.