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

Neptune Digital Assets Corp. (CVE:NDA) traded up 28.1% during mid-day trading on Thursday after HC Wainwright raised their price target on the stock from C$2.00 to C$3.00. The company traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares traded hands during 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 Trading Down 6.3 %

The business has a fifty day moving average price of C$1.23 and a 200-day moving average price of C$0.71. 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 company 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

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.