Neptune Digital Assets (CVE:NDA) Trading Up 11.1% - Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares traded up 11.1% on Tuesday . The stock traded as high as C$2.21 and last traded at C$2.21. 220,223 shares traded hands during trading, a decline of 82% from the average session volume of 1,208,042 shares. The stock had previously closed at C$1.99.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted 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 market cap of C$276.13 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a fifty day simple moving average of C$1.12 and a two-hundred day simple moving average of C$0.66. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96.

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.