Neptune Digital Assets (CVE:NDA) Trading 20.7% Higher – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 20.7% on Wednesday . The company traded as high as C$1.89 and last traded at C$1.81. 884,264 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

Separately, HC Wainwright upped their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday, January 30th.

Neptune Digital Assets Stock Performance

The firm has a market capitalization of C$229.82 million, a price-to-earnings ratio of 37.73 and a beta of 3.25. The business’s 50 day moving average is C$1.56 and its 200-day moving average is C$0.94.

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.