Neptune Digital Assets (CVE:NDA) Stock Price Up 28.1% – Still a Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 28.1% during mid-day trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded 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.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on 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 business has a fifty day moving average of C$1.16 and a two-hundred day moving average of C$0.68. 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 firm has a market capitalization of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

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.