Neptune Digital Assets (CVE:NDA) Shares Up 5.5% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 5.5% during mid-day trading on Wednesday . The company traded as high as C$2.33 and last traded at C$2.29. 294,625 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,256,072 shares. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, HC Wainwright lifted 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 research report on Monday, December 23rd.

Neptune Digital Assets Price 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 has a 50 day moving average price of C$1.12 and a 200 day moving average price of C$0.66. The company has a market capitalization of C$321.94 million, a price-to-earnings 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.