Neptune Digital Assets (CVE:NDA) Trading Up 22.5% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 22.5% on Friday . The stock traded as high as C$2.14 and last traded at C$2.07. 3,431,216 shares were traded during trading, an increase of 216% from the average session volume of 1,086,089 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Performance

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 company’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 cap of C$279.95 million, a P/E 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.