Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) traded up 29% during trading 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 mid-day trading, an increase of 329% from the average session 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 objective on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research note on Monday, December 23rd.

Neptune Digital Assets Price Performance

The firm has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The stock’s 50-day moving average is C$1.07 and its 200-day moving average is C$0.63. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

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.