Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Time to 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 were traded during 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 Ratings Changes

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

Neptune Digital Assets Trading Up 29.0 %

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 stock has a fifty day moving average of C$1.07 and a 200 day moving average of C$0.63. The company has a market capitalization of C$277.41 million, a PE ratio of -8.67 and a beta of 3.25.

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.