Neptune Digital Assets (CVE:NDA) Shares Up 29% – Should You Buy?

Posted by Tyrone Williams on Jan 26th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) was up 29% on Friday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares were traded during 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 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 report on Monday, December 23rd.

Read Our Latest Analysis on NDA

Neptune Digital Assets Stock Up 29.0 %

The company has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a fifty day moving average price of C$1.07 and a 200 day moving average price of C$0.63.

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.