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

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 29% 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 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 Analyst Weigh In

Separately, HC Wainwright lifted their target price 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 Stock Up 29.0 %

The firm has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. 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 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.