Neptune Digital Assets (CVE:NDA) Shares Up 28.1% – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 28.1% during trading on Wednesday . The stock traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares traded hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, HC Wainwright upped 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 Trading Up 28.1 %

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 firm’s 50 day moving average is C$1.16 and its two-hundred day moving average is C$0.68. The stock has a market cap of C$353.76 million, a price-to-earnings 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.