Neptune Digital Assets (CVE:NDA) Stock Price Up 11.2% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 11.2% during trading on Tuesday . The company traded as high as C$1.52 and last traded at C$1.49. Approximately 1,557,027 shares traded hands during trading, an increase of 185% from the average daily volume of 547,010 shares. The stock had previously closed at C$1.34.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price objective on 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 Trading Down 5.6 %

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 business has a 50 day moving average of C$1.05 and a two-hundred day moving average of C$0.62. The firm has a market cap of C$215.05 million, a P/E ratio of -8.67 and a beta of 3.25.

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.