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

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

Analyst Ratings Changes

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

Neptune Digital Assets Trading Up 29.0 %

The company has a 50-day moving average price of C$1.07 and a 200 day moving average price of C$0.63. The stock has a market capitalization of C$277.41 million, a P/E 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.

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.