Neptune Digital Assets (CVE:NDA) Sets New 12-Month High – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) reached a new 52-week high during trading on Thursday . The company traded as high as C$1.93 and last traded at C$1.73, with a volume of 1460834 shares. The stock had previously closed at C$1.79.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Trading 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’s 50-day simple moving average is C$1.07 and its 200 day simple moving average is C$0.63. The company has a quick ratio of 4.84, a current ratio of 70.04 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.