Neptune Digital Assets (CVE:NDA) Shares Up 27.6% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 27.6% during trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.71. Approximately 3,299,176 shares traded hands during trading, an increase of 394% from the average daily volume of 668,010 shares. The stock had previously closed at C$1.34.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The company has a market cap of C$209.96 million, a PE ratio of -8.67 and a beta of 3.25. The firm’s 50-day moving average is C$1.00 and its 200-day moving average is C$0.59. 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.