Neptune Digital Assets (CVE:NDA) Trading Up 29% – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) rose 29% during trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares were traded during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted 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 report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The firm has a 50 day moving average of C$1.07 and a 200-day moving average of C$0.63. The company has a market cap of C$277.41 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.

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.