Neptune Digital Assets (CVE:NDA) Shares Up 18.6% - Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price was up 18.6% during mid-day trading on Tuesday . The company traded as high as C$2.38 and last traded at C$2.36. Approximately 1,144,878 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 1,254,087 shares. The stock had previously closed at C$1.99.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday.

Neptune Digital Assets Stock Down 6.3 %

The firm has a fifty day simple moving average of C$1.23 and a 200-day simple moving average of C$0.71. The company has a market capitalization of C$319.40 million, a PE ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.