Neptune Digital Assets (CVE:NDA) Trading Up 29% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock 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.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Price Performance

The stock has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The business has a fifty day simple moving average of C$1.07 and a 200-day simple moving average of C$0.63. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.