Neptune Digital Assets (CVE:NDA) Stock Price Up 29% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares were up 29% on Friday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares changed hands during trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted 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 Price Performance

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 has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The firm has a 50-day moving average price of C$1.07 and a 200-day moving average price of C$0.63.

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.