Neptune Digital Assets (CVE:NDA) Trading 8.1% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) was up 8.1% during mid-day trading on Wednesday . The company traded as high as C$0.68 and last traded at C$0.67. Approximately 66,624 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 291,075 shares. The stock had previously closed at C$0.62.

Neptune Digital Assets Stock Performance

The stock’s 50 day moving average price is C$0.59 and its 200 day moving average price is C$0.39. The company has a market capitalization of C$106.89 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

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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.

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