Neptune Digital Assets (CVE:NDA) Shares Up 18.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 18.4% on Wednesday . The stock traded as high as C$2.63 and last traded at C$2.57. 2,324,853 shares changed hands during trading, an increase of 70% from the average session volume of 1,364,454 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price target on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday.

Neptune Digital Assets Stock Performance

The company’s 50-day moving average is C$1.20 and its two-hundred day moving average is C$0.69. The company has a market cap of C$319.40 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.

About Neptune Digital Assets

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.