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

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

Analyst Ratings Changes

Separately, HC Wainwright upped their price target on 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 Performance

The company’s fifty day simple moving average is C$1.05 and its 200 day simple moving average is C$0.62. The stock has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

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.