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

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 17.1% on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.33. Approximately 860,842 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,236,465 shares. The stock had previously closed at C$1.99.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their price target 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 Price Performance

The company has a market capitalization of C$276.13 million, a P/E ratio of -8.67 and a beta of 3.25. 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 business has a 50 day simple moving average of C$1.09 and a 200-day simple moving average of C$0.65.

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.