Neptune Digital Assets (CVE:NDA) Shares Up 17.1% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) rose 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 were traded during mid-day trading, a decline of 32% from the average daily volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, HC Wainwright upped 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 note on Monday, December 23rd.

Neptune Digital Assets Stock Up 18.9 %

The company has a 50 day moving average price of C$1.12 and a two-hundred day moving average price of C$0.66. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a market cap of C$328.31 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.