Neptune Digital Assets (CVE:NDA) Stock Price Up 22.5% – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) rose 22.5% during mid-day trading on Friday . The company traded as high as C$2.14 and last traded at C$2.07. Approximately 3,431,216 shares were traded during trading, an increase of 216% from the average daily volume of 1,086,089 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Performance

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

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.