Neptune Digital Assets (CVE:NDA) Trading 17.1% Higher – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares were up 17.1% during trading on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.33. Approximately 860,842 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,236,465 shares. The stock had previously closed at C$1.99.

Analysts Set New Price Targets

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

Neptune Digital Assets Trading Down 3.6 %

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The firm has a market cap of C$341.03 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50 day simple moving average of C$1.16 and a 200-day simple moving average of C$0.68.

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.