Neptune Digital Assets (CVE:NDA) Trading Up 22.5% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was up 22.5% on Friday . The stock traded as high as C$2.14 and last traded at C$2.07. Approximately 3,704,924 shares were traded during trading, an increase of 233% from the average daily volume of 1,112,054 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright upped 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 Price Performance

The company has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a 50 day moving average price of C$1.05 and a 200 day moving average price of C$0.62. 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.