Neptune Digital Assets (CVE:NDA) Sets New 1-Year High – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) hit a new 52-week high during trading on Thursday . The company traded as high as C$1.93 and last traded at C$1.73, with a volume of 1460834 shares changing hands. The stock had previously closed at C$1.79.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The stock has a market cap of C$215.05 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock has a fifty day simple moving average of C$1.03 and a 200-day simple moving average of C$0.61. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

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.