Neptune Digital Assets (CVE:NDA) Trading 29% Higher – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) traded up 29% on Saturday . The company traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares were traded during trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price target 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 Performance

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 cap of C$277.41 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock has a 50-day moving average price of C$1.07 and a 200 day moving average price of C$0.63.

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.