Neptune Digital Assets (CVE:NDA) Shares Up 29.6% - Here's Why

Key Points

• Neptune Digital Assets Corp. experienced a significant stock price increase of 29.6%, closing at C$1.27 after reaching a high of C$1.31 during trading.
• The company has a market capitalization of C$148.70 million and operates in various areas of the digital currency ecosystem, including Bitcoin mining and cryptocurrency staking.
• Despite the price surge, Neptune Digital Assets has a negative price-to-earnings ratio of -117.00, indicating potential concerns about profitability.

Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shot up 29.6% on Tuesday . The company traded as high as C$1.31 and last traded at C$1.27. 941,940 shares traded hands during trading, an increase of 36% from the average session volume of 694,562 shares. The stock had previously closed at C$0.98.

Neptune Digital Assets Stock Performance

The firm has a market capitalization of C$161.41 million, a price-to-earnings ratio of -127.00 and a beta of 2.18. The business has a fifty day moving average of C$1.24 and a two-hundred day moving average of C$1.46.

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.