Neptune Digital Assets (CVE:NDA) Shares Up 29% – Still a Buy?

Posted by Anthony Miller on Jan 25th, 2025

Neptune Digital Assets Corp. (CVE:NDA – Get Free Report)’s share price shot up 29% during trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares changed hands 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.

Wall Street Analysts Forecast Growth

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

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Neptune Digital Assets Stock Performance

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 company’s 50 day moving average is C$1.07 and its 200-day moving average is C$0.63. The company has a market capitalization of C$277.41 million, a P/E 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.