Neptune Digital Assets (CVE:NDA) Shares Up 28.1% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 28.1% on Thursday . The stock traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

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

Neptune Digital Assets Price Performance

The company’s 50 day moving average price is C$1.16 and its 200-day moving average price is C$0.68. The company has a market cap of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.