Neptune Digital Assets (CVE:NDA) Shares Up 19.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) was up 19.4% during mid-day trading on Wednesday . The stock traded as high as C$2.63 and last traded at C$2.59. Approximately 2,235,871 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 1,356,072 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday.

Neptune Digital Assets Stock Performance

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 company has a market capitalization of C$319.40 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock has a 50 day simple moving average of C$1.20 and a two-hundred day simple moving average of C$0.69.

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.