Neptune Digital Assets (CVE:NDA) Trading 27.6% Higher – Here’s What Happened

Posted by Lauren Steadman on Jan 24th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) traded up 27.6% on Tuesday . The company traded as high as C$1.75 and last traded at C$1.71. 3,299,176 shares were traded during trading, an increase of 394% from the average session volume of 668,010 shares. The stock had previously closed at C$1.34.

Analysts Set New Price Targets

Separately, HC Wainwright upped their price objective on 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.

Read Our Latest Analysis on NDA

Neptune Digital Assets Stock Performance

The stock’s fifty day moving average is C$1.05 and its two-hundred day moving average is C$0.62. The firm has a market cap of C$215.05 million, a price-to-earnings 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.

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.