Neptune Digital Assets (CVE:NDA) Shares Up 29% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 29% during trading on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares traded 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 lifted their price target on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

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$277.41 million, a PE ratio of -8.67 and a beta of 3.25. The business has a 50 day simple moving average of C$1.07 and a 200 day simple moving average of C$0.63.

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.