Neptune Digital Assets (CVE:NDA) Trading Up 24.4% – Should You Buy?

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

Analyst Ratings Changes

Separately, HC Wainwright raised 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 research note on Monday, December 23rd.

Neptune Digital Assets Price Performance

The company has a 50 day moving average price of C$1.12 and a 200 day moving average price of C$0.66. The company has a market capitalization of C$353.76 million, a P/E 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.

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.