23:29:53 EDT Thu 27 Mar 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Neptune Digital Assets Corp
Symbol NDA
Shares Issued 126,971,096
Close 2024-12-24 C$ 1.08
Market Cap C$ 137,128,784
Recent Sedar Documents

Globe says Neptune Digital Assets maintained at "buy"

2024-12-24 07:54 ET - In the News

The Globe and Mail reports in its Tuesday edition that H.C. Wainwright analyst Kevin Dede has reaffirmed his "buy" recommendation for Neptune Digital Assets. The Globe's David Leeder writes that Mr. Dede boosted his share target by a loonie to $2. Mr. Dede is currently the lone analyst covering Neptune. Mr. Dede says in a note: "Neptune's F4Q24 results, released Friday, showed a sequential revenue pullback to $450,000 from $650,000 in F3Q24, largely reflecting softer bitcoin mining activity. Digital asset holdings stood at $31.3-million compared to $36.5-million in May. Encouragingly, broader crypto markets have rebounded considerably since late August, with bitcoin up roughly 25 per cent. ... This improvement, combined with Neptune's continued put-option premium capture and methodical rebalancing into bitcoin, should help deliver stronger F1Q25 results. While continuing to run its legacy mining fleet until the end of its useful life, management sees more compelling returns from stacking BTC via staking revenues and self-staking 26,964 Solana tokens, of which another 20 per cent unlock in March, 2025. Note however, the release of the balance held in escrow at roughly 2 per cent per month could stretch into 2026."

© 2025 Canjex Publishing Ltd. All rights reserved.