Neptune Digital Assets (CVE:NDA) Shares Up 28.1% - Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price rose 28.1% during mid-day trading on Thursday . The stock traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, HC Wainwright boosted 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 Stock Down 3.6 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The company has a market cap of C$341.03 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$1.16 and a 200 day moving average price 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.