Neptune Digital Assets (CVE:NDA) Shares Up 11.1% - Time to Buy?

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

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Trading Down 4.7 %

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 capitalization of C$337.21 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business has a fifty day simple moving average of C$1.16 and a 200 day simple moving average of C$0.68.

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.