Neptune Digital Assets (CVE:NDA) Shares Up 28.1% – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 28.1% during mid-day trading on Wednesday . The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares were traded during mid-day trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective on 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 28.1 %

The stock’s fifty day simple moving average is C$1.12 and its 200 day simple moving average is C$0.66. The firm has a market capitalization of C$353.76 million, a PE 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.

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.