Neptune Digital Assets (CVE:NDA) Shares Up 17.8% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) was up 17.8% on Friday . The company traded as high as C$2.00 and last traded at C$1.99. Approximately 1,526,675 shares traded hands during trading, an increase of 60% from the average daily volume of 952,130 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

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 research report on Monday, December 23rd.

Neptune Digital Assets Trading Up 21.9 %

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 stock’s 50 day moving average price is C$1.05 and its 200-day moving average price is C$0.62. The stock has a market capitalization of C$262.14 million, a PE ratio of -8.67 and a beta of 3.25.

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.