Neptune Digital Assets (CVE:NDA) Trading 22.1% Higher – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares were up 22.1% during mid-day trading on Wednesday . The company traded as high as C$2.70 and last traded at C$2.65. Approximately 3,154,258 shares were traded during mid-day trading, an increase of 125% from the average daily volume of 1,404,529 shares. The stock had previously closed at C$2.17.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Up 28.1 %

The company has a 50-day moving average of C$1.12 and a two-hundred day moving average of C$0.66. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The company has a market capitalization of C$353.76 million, a PE ratio of -8.67 and a beta of 3.25.

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.