Neptune Digital Assets (CVE:NDA) Trading Up 29% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) traded up 29% on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares traded hands during trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price objective on 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 company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. 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 business’s 50 day moving average price is C$1.07 and its 200 day moving average price is 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.