Neptune Digital Assets (CVE:NDA) Trading Up 9.5% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shot up 9.5% on Friday . The stock traded as high as C$1.85 and last traded at C$1.85. 341,101 shares were traded during trading, a decline of 62% from the average session volume of 903,082 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The firm has a 50-day simple moving average of C$1.05 and a two-hundred day simple moving average of C$0.62. The company has a market capitalization of C$265.95 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.

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.