Neptune Digital Assets (CVE:NDA) Trading Up 22.5% – Here’s What Happened

Posted by Casey Walker on Jan 26th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) was up 22.5% during trading on Friday . The stock traded as high as C$2.14 and last traded at C$2.07. Approximately 3,704,924 shares changed hands during trading, an increase of 233% from the average daily volume of 1,112,054 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted 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.

Get Our Latest Stock Report on Neptune Digital Assets

Neptune Digital Assets Price Performance

The stock has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The business has a 50 day simple moving average of C$1.07 and a 200-day simple moving average of C$0.63.

Neptune Digital Assets Company Profile

(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.