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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 29% on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares changed hands during mid-day trading, an increase of 329% from the average daily volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Up 29.0 %

The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The firm’s fifty day moving average is C$1.07 and its 200-day moving average is C$0.64.

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.