Neptune Digital Assets (CVE:NDA) Trading 17.8% Higher – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 17.8% on Friday . The stock traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

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

Neptune Digital Assets Stock Up 29.0 %

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 business has a 50 day simple moving average of C$1.07 and a 200 day simple moving average of C$0.63. The stock has a market cap of C$277.41 million, a PE 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.