Neptune Digital Assets (CVE:NDA) Stock Price Up 29% – Still a Buy?

Posted by ABMN Staff on Jan 27th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report)’s share price shot up 29% on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares traded hands during trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price on 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.

Check Out Our Latest Research Report on NDA

Neptune Digital Assets Trading 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 firm’s 50 day moving average price is C$1.07 and its 200 day moving average price is C$0.64. The stock has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

(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.