Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped 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 Trading Up 29.0 %

The firm’s fifty day simple moving average is C$1.07 and its 200 day simple moving average is C$0.63. The stock has a market capitalization 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.

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.