Neptune Digital Assets (CVE:NDA) Trading 28.1% Higher – Should You Buy?

Posted by James Quigley on Jan 29th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) shares shot up 28.1% during trading on Wednesday . The stock traded as high as C$2.79 and last traded at C$2.78. 3,322,909 shares changed hands during trading, an increase of 134% from the average session volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their price objective on shares of 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.

Get Our Latest Stock Analysis on NDA

Neptune Digital Assets Stock Performance

The stock has a fifty day moving average price of C$1.12 and a 200 day moving average price of C$0.66. 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 cap of C$353.76 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

(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.