Neptune Digital Assets (CVE:NDA) Stock Price Up 23.1% – Time to Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 23.1% on Friday . The stock traded as high as C$2.14 and last traded at C$2.08. 3,068,166 shares were traded during trading, an increase of 185% from the average session volume of 1,075,315 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Up 29.0 %

The firm has a market capitalization of C$277.41 million, a PE 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. The firm has a 50-day moving average of C$1.07 and a two-hundred day moving average of C$0.63.

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.