Neptune Digital Assets (CVE:NDA) Stock Price Up 23.1% – Here’s Why

Posted by Eileen French on Jan 24th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) rose 23.1% during mid-day trading on Friday . The company traded as high as C$2.14 and last traded at C$2.08. Approximately 3,068,166 shares traded hands during trading, an increase of 185% from the average daily volume of 1,075,315 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research note on Monday, December 23rd.

View Our Latest Analysis on Neptune Digital Assets

Neptune Digital Assets Trading Up 23.1 %

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The company has a market cap of C$264.68 million, a PE ratio of -8.67 and a beta of 3.25. The firm has a fifty day moving average of C$1.05 and a two-hundred day moving average of C$0.62.

About Neptune Digital Assets

(Get Free Report)

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.