If you are currently looking into those stocks which may have recorded significant gains on Friday, then it might be difficult for you to overlook the Neptune Digital Assets Corp (OTCMKTS: NPPTF) stock. The stock was in considerable focus among investors last Friday and ended up with gains of as much as 24% as a consequence.
Trading Data
On Friday, NPPTF stock surged 23.68% to $0.47 with 127k shares, compared to its average volume of 83k shares. The stock has moved within a range of $0.3500 – 0.4800 after opening trade at $0.4450.
Announces a Record 950% Increase in Comprehensive Annual Income and 1,400% Growth in Net Asset Value
Last Thursday on December 30, 2021 the company was in focus among investors after it announced that it had released the annual audited consolidated financial statements for the period ending August 31, 2021. In addition to that, the company also provided information with regards to management discussion and other analyses.
In this context, it may be a good idea to take a look at some of the financial highlights that were released by Neptune Digital Assets. The company announced that it ended the fiscal year on August 31, 2021 with no debt and as much as $55 million in the form of assets. As of last Thursday, the company had around $70 million in total assets under its control and no debt. Neptune Digital Assets managed to bring in as much as $2,259,088 in earnings through Bitcoin mining and associated mining activities during the period.
Key Quote
“2021 has been a fantastic year for Neptune. Not only have we grown our balance sheet by 1400%, but we have also grown our earnings and diversified revenue streams to millions of dollars annually while maintaining very low operating costs,” stated Cale Moodie, Neptune CEO. “We expect our earnings to grow as we bring more Bitcoin miners online and take advantage of the unique opportunities provided in the DeFi space. We are extremely excited about 2022 and want to thank our shareholders for their steadfast support throughout the year.”
Technical Data
NPPTF stock is trading below the 20-Day and 50-Day Moving averages of $0.45 and $0.49 respectively. However, the stock is trading above the 200-Day moving average of $0.53. The stock is down 1% in the past month.
