Neptune Digital Assets (CVE:NDA) Trading 17.1% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) rose 17.1% during mid-day trading on Wednesday . The company traded as high as C$2.55 and last traded at C$2.54. Approximately 871,486 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

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

Read Our Latest Research Report on NDA

Neptune Digital Assets Trading Up 18.9 %

The firm has a market cap of C$328.31 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a 50-day moving average price of C$1.12 and a 200 day moving average price 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.

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.

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