Neptune Digital Assets (CVE:NDA) Stock Price Up 11.2% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) traded up 11.2% during mid-day trading on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.49. 1,557,027 shares were traded during mid-day trading, an increase of 185% from the average session volume of 547,010 shares. The stock had previously closed at C$1.34.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The company has a 50-day moving average price of C$1.00 and a 200-day moving average price of C$0.59. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of C$221.42 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

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.