Neptune Digital Assets (CVE:NDA) Shares Up 17.8% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price traded up 17.8% on Friday . The stock traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares were traded during mid-day trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price objective 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 Price Performance

The business’s fifty day moving average price is C$1.05 and its 200-day moving average price is C$0.62. The company has a market capitalization of C$262.14 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.