Neptune Digital Assets (CVE:NDA) Stock Price Up 14.3% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price traded up 14.3% on Wednesday . The company traded as high as C$2.55 and last traded at C$2.48. 1,444,372 shares traded hands during trading, an increase of 10% from the average session volume of 1,311,654 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Price Performance

The firm has a market cap of C$319.40 million, a PE ratio of -8.67 and a beta of 3.25. The company has a 50 day moving average price of C$1.20 and a 200 day moving average price of C$0.69. 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.