Neptune Digital Assets (CVE:NDA) Stock Price Up 28.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shot up 28.4% during trading on Friday . The company traded as high as C$2.24 and last traded at C$2.17. 4,965,272 shares traded hands during trading, an increase of 330% from the average session volume of 1,155,185 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped 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 report on Monday, December 23rd.

Neptune Digital Assets Trading Up 29.0 %

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The business has a 50 day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.63. The stock has a market cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

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.