Neptune Digital Assets (CVE:NDA) Trading 17.8% Higher – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 17.8% during trading on Friday . The company traded as high as C$2.00 and last traded at C$1.99. Approximately 1,526,675 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 952,130 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Up 29.0 %

The business has a fifty day moving average of C$1.07 and a 200 day moving average of C$0.63. 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 cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25.

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.