Neptune Digital Assets (CVE:NDA) Trading Up 18.1% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) rose 18.1% on Tuesday . The stock traded as high as C$2.38 and last traded at C$2.35. Approximately 1,160,116 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 1,262,479 shares. The stock had previously closed at C$1.99.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Price Performance

The business’s 50-day moving average price is C$1.20 and its 200 day moving average price is C$0.69. 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 company has a market capitalization of C$341.03 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.