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

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) was up 29% on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares traded 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.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

View Our Latest Stock Analysis on NDA

Neptune Digital Assets Stock Up 29.0 %

The business has a 50 day moving average of C$1.07 and a two-hundred day moving average of C$0.63. 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$277.41 million, a PE ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

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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.

Further Reading

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