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Neptune Digital Assets (CVE:NDA) Stock Price Up 19.4% - Here's Why

Neptune Digital Assets logo with Financial Services background

Key Points

  • Neptune Digital Assets Corp. shares surged by 19.4%, closing at C$1.17 after trading as high as C$1.31 during the day.
  • Trading volume increased significantly, with approximately 1,033,394 shares exchanged, indicating a 49% rise from the average daily volume.
  • The company operates in the cryptocurrency sector, engaging in activities such as Bitcoin mining, staking, and lending of various digital currencies.
  • Interested in Neptune Digital Assets? Here are five stocks we like better.

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares shot up 19.4% during trading on Tuesday . The company traded as high as C$1.31 and last traded at C$1.17. 1,033,394 shares were traded during mid-day trading, an increase of 49% from the average session volume of 695,207 shares. The stock had previously closed at C$0.98.

Neptune Digital Assets Stock Performance

The firm has a 50-day moving average price of C$1.25 and a 200 day moving average price of C$1.46. The stock has a market capitalization of C$147.43 million, a P/E ratio of -116.00 and a beta of 2.18.

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.

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