Neptune Digital Assets (CVE:NDA) Trading Up 22.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 22.4% during trading on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.64. 2,690,479 shares were traded during mid-day trading, an increase of 328% from the average session volume of 629,041 shares. The stock had previously closed at C$1.34.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Up 26.1 %

The stock’s 50-day moving average is C$1.00 and its 200-day moving average is C$0.59. The stock has a market cap of C$215.05 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

Neptune Digital Assets Company Profile

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.