Neptune Digital Assets (CVE:NDA) Shares Up 28.1% – Should You Buy?

Posted by Adam Masters on Jan 30th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) were up 28.1% during trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares traded hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased 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 note on Monday, December 23rd.

Get Our Latest Stock Analysis on Neptune Digital Assets

Neptune Digital Assets Trading Up 28.1 %

The company’s 50 day simple moving average is C$1.16 and its two-hundred day simple moving average is C$0.68. 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$353.76 million, a PE ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

(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.