Neptune Digital Assets (CVE:NDA) Shares Up 18.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 18.4% during mid-day trading on Wednesday . The stock traded as high as C$2.63 and last traded at C$2.57. Approximately 2,324,853 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 1,364,454 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Trading Down 6.3 %

The firm has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The firm’s fifty day moving average is C$1.20 and its two-hundred day moving average is C$0.69. 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

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.