Neptune Digital Assets (CVE:NDA) Stock Price Up 1.8% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shot up 1.8% during mid-day trading on Wednesday . The company traded as high as C$1.70 and last traded at C$1.68. 380,099 shares were traded during trading, a decline of 46% from the average session volume of 701,639 shares. The stock had previously closed at C$1.65.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their price objective 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 Stock Up 29.0 %

The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a fifty day simple moving average of C$1.05 and a 200 day simple moving average of C$0.62. The firm has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25.

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.