Neptune Digital Assets (CVE:NDA) Shares Up 5.7% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 5.7% on Friday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 128,310 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 108,276 shares. The stock had previously closed at C$0.35.

Neptune Digital Assets Stock Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The firm’s 50 day moving average price is C$0.27 and its 200-day moving average price is C$0.29. The firm has a market capitalization of C$50.26 million, a PE ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets (CVE:NDA) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$0.65 million for the quarter, compared to the consensus estimate of C$0.55 million. Neptune Digital Assets had a negative return on equity of 0.54% and a negative net margin of 12.88%. On average, research analysts expect that Neptune Digital Assets Corp. will post -0.01 EPS for the current year.

Neptune Digital Assets Company Profile

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.