Neptune Digital Assets (CVE:NDA) Trading 17.8% Higher – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 17.8% on Friday . The company traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares traded hands during trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Performance

The business has a 50-day moving average of C$1.05 and a 200 day moving average of C$0.62. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The company has a market cap of C$262.14 million, a PE 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.