Neptune Digital Assets (CVE:NDA) Trading 20.7% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 20.7% during trading on Friday . The stock traded as high as C$2.08 and last traded at C$2.04. 2,155,195 shares were traded during mid-day trading, an increase of 115% from the average session volume of 1,002,404 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Up 23.1 %

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 market capitalization of C$264.68 million, a P/E ratio of -8.67 and a beta of 3.25. The firm has a fifty day simple moving average of C$1.05 and a 200-day simple moving average of C$0.62.

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.