Neptune Digital Assets (CVE:NDA) Trading Up 29% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 29% during mid-day trading on Friday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares were traded during mid-day trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

Separately, HC Wainwright boosted 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.

Neptune Digital Assets Price Performance

The company has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The business has a 50-day moving average price of C$1.07 and a 200 day moving average price of C$0.63.

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.