Neptune Digital Assets (CVE:NDA) Shares Up 22.5% – Still a Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 22.5% on Friday . The company traded as high as C$2.14 and last traded at C$2.07. 3,431,216 shares were traded during mid-day trading, an increase of 216% from the average session volume of 1,086,089 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

Separately, HC Wainwright boosted their price target 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 Stock Up 30.2 %

The firm has a market capitalization of C$279.95 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock has a fifty day moving average of C$1.05 and a two-hundred day moving average of C$0.62. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.