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

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

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on 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’s fifty day moving average price is C$1.07 and its 200-day moving average price is C$0.63. The company 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.

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.