Neptune Digital Assets (CVE:NDA) Trading Up 29% – Time to Buy?

Posted by Jeff Wilder on Jan 25th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) were up 29% during trading on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares were traded 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.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on NDA

Neptune Digital Assets Stock Up 29.0 %

The firm’s 50-day simple moving average is C$1.07 and its 200 day simple moving average is C$0.63. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The company has a market cap 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.