Neptune Digital Assets (CVE:NDA) Trading Up 29% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) was up 29% during mid-day trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares changed hands during trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

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 Price Performance

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The company has a market capitalization of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25. The stock’s 50-day moving average is C$1.07 and its two-hundred day moving average is C$0.63.

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.