Neptune Digital Assets (CVE:NDA) Trading Up 9.5% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price rose 9.5% on Friday . The stock traded as high as C$1.85 and last traded at C$1.85. Approximately 341,101 shares changed hands during trading, a decline of 62% from the average daily volume of 903,082 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

Separately, HC Wainwright boosted their price target on 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 Stock Up 29.0 %

The firm has a market cap of C$277.41 million, a price-to-earnings 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 has a 50-day moving average of C$1.07 and a 200-day moving average of C$0.63.

About Neptune Digital Assets

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.