Neptune Digital Assets (CVE:NDA) Trading 14.5% Higher – Time to Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 14.5% during mid-day trading on Monday . The company traded as high as C$1.36 and last traded at C$1.34. Approximately 444,427 shares traded hands during trading, an increase of 20% from the average daily volume of 370,229 shares. The stock had previously closed at C$1.17.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The firm has a market cap of C$170.52 million, a P/E ratio of -8.67 and a beta of 3.25. 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’s 50-day simple moving average is C$0.99 and its two-hundred day simple moving average is C$0.59.

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.