Neptune Digital Assets (CVE:NDA) Trading Up 28.1% – Time to Buy?

Posted by Renee Jackson on Jan 30th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) were up 28.1% during trading on Thursday . The stock traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price target on 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.

Check Out Our Latest Analysis on NDA

Neptune Digital Assets Stock Performance

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 firm’s fifty day moving average price is C$1.16 and its 200 day moving average price is C$0.68. The stock has a market capitalization of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

(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.