Neptune Digital Assets (CVE:NDA) Shares Up 29% – Time to Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 29% during mid-day trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares changed hands during trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Performance

The stock has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The business’s 50-day moving average price is C$1.07 and its 200-day moving average price is C$0.63.

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.