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

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their target price on shares of 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 Stock Performance

The firm’s fifty day simple moving average is C$1.16 and its 200 day simple moving average is C$0.68. The company has a market capitalization of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.