Neptune Digital Assets (CVE:NDA) Shares Up 19.4% - Here's What Happened

Key Points

• Neptune Digital Assets Corp. saw its stock price increase by 19.4%, reaching a last traded price of C$1.17, significantly up from its previous close of C$0.98.
• Trading volume surged by 49% compared to the average daily volume, with approximately 1,033,394 shares changing hands.
• The company operates in the digital currency sector, engaging in activities such as Bitcoin mining, lending, and staking various cryptocurrencies.

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

Neptune Digital Assets Price Performance

The company has a market capitalization of C$155.05 million, a P/E ratio of -122.00 and a beta of 2.18. The company has a 50 day moving average of C$1.24 and a 200-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.