Neptune Digital Assets (CVE:NDA) Stock Price Up 14.3% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 14.3% during mid-day trading on Wednesday . The stock traded as high as C$2.55 and last traded at C$2.48. 1,444,372 shares traded hands during trading, an increase of 10% from the average session volume of 1,311,654 shares. The stock had previously closed at C$2.17.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Down 6.3 %

The company has a market capitalization of C$319.40 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. 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 firm’s 50 day simple moving average is C$1.20 and its 200-day simple moving average is C$0.69.

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.