Neptune Digital Assets (CVE:NDA) Trading 18.6% Higher – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 18.6% during trading on Tuesday . The company traded as high as C$2.38 and last traded at C$2.36. 1,144,878 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 1,254,087 shares. The stock had previously closed at C$1.99.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Up 9.0 %

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 business has a 50-day simple moving average of C$1.09 and a 200-day simple moving average of C$0.65. The company has a market cap of C$276.13 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.