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

Key Points

• Neptune Digital Assets Corp. shares surged by 19.4%, trading as high as C$1.31 before settling at C$1.17, with an increased trading volume of approximately 1,033,394 shares.
• The company has a market capitalization of C$148.70 million and operates in sectors including Bitcoin mining, cryptocurrency staking, and decentralized finance (DeFi).
• Neptune Digital Assets reports a PE ratio of -117.00 and has a beta of 2.18, indicating significant volatility in its stock performance.

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares shot up 19.4% on Wednesday . The stock traded as high as C$1.31 and last traded at C$1.17. 1,033,394 shares traded hands during 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 Trading Down 3.9%

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 firm's 50 day moving average price is C$1.24 and its two-hundred day moving average price is C$1.46.

About Neptune Digital Assets

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.