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

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

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Trading Up 29.0 %

The firm has a 50-day moving average of C$1.07 and a two-hundred day moving average of C$0.63. The firm 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 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.