Neptune Digital Assets (CVE:NDA) Shares Up 29% – Should You Buy?

Posted by Scott Moore on Jan 25th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) rose 29% during trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares were traded 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 Upgrades and Downgrades

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

Check Out Our Latest Analysis on Neptune Digital Assets

Neptune Digital Assets Price Performance

The stock’s fifty day simple moving average is C$1.07 and its 200 day simple moving average is C$0.63. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The firm has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

(Get Free Report)

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.