Neptune Digital Assets (CVE:NDA) Trading 15.4% Higher – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 15.4% during trading on Monday . The company traded as high as C$1.36 and last traded at C$1.35. 891,329 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 418,032 shares. The stock had previously closed at C$1.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased 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 15.4 %

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The firm has a market cap of C$171.79 million, a PE ratio of -8.67 and a beta of 3.25. The company has a 50-day simple moving average of C$0.99 and a 200 day simple moving average of C$0.59.

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.