Neptune Digital Assets (CVE:NDA) Trading Up 17.1% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 17.1% during trading on Wednesday . The company traded as high as C$2.55 and last traded at C$2.54. 871,486 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Down 2.2 %

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’s 50-day simple moving average is C$1.20 and its 200 day simple moving average is C$0.69. The company has a market capitalization of C$333.40 million, a PE ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

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.