Neptune Digital Assets (CVE:NDA) Trading 17.1% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 17.1% on Wednesday . The stock traded as high as C$2.55 and last traded at C$2.54. 871,486 shares traded hands during trading, a decline of 32% from the average session volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

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 note on Monday, December 23rd.

Neptune Digital Assets Trading Up 18.9 %

The company has a market capitalization of C$328.31 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The firm has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$0.66. The company has a current ratio of 70.04, a quick ratio of 4.84 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.