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

Posted by James Quigley on Jan 25th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report)’s share price rose 29% during trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. Approximately 5,148,632 shares traded 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.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased 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 note on Monday, December 23rd.

Read Our Latest Report on Neptune Digital Assets

Neptune Digital Assets Stock Performance

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 firm has a market capitalization of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25. The business’s 50 day simple moving average is C$1.07 and its two-hundred day simple moving average is 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.