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

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 15.4% on Monday . The company traded as high as C$1.36 and last traded at C$1.35. 891,329 shares traded 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.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Performance

The firm has a market cap of C$209.96 million, a P/E ratio of -8.67 and a beta of 3.25. 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 stock’s 50-day moving average is C$1.01 and its 200 day moving average is C$0.60.

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.