Neptune Digital Assets (CVE:NDA) Trading Up 24.4% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 24.4% during mid-day trading on Wednesday . The stock traded as high as C$2.70 and last traded at C$2.70. 3,223,401 shares traded hands during mid-day trading, an increase of 130% from the average session volume of 1,404,529 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

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

Neptune Digital Assets Trading Up 28.1 %

The stock has a market cap of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business’s fifty day simple moving average is C$1.12 and its 200 day simple moving average is C$0.66. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.