Neptune Digital Assets (CVE:NDA) Trading Up 28.1% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 28.1% on Thursday . The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares were traded during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

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

Neptune Digital Assets Price Performance

The company’s 50 day simple moving average is C$1.16 and its 200 day simple moving average is C$0.68. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a market cap of C$353.76 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.