Neptune Digital Assets (CVE:NDA) Stock Price Up 11.3% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 11.3% during mid-day trading on Wednesday . The stock traded as high as C$1.67 and last traded at C$1.67. 161,481 shares were traded during trading, a decline of 86% from the average session volume of 1,134,619 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

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

Neptune Digital Assets Stock Up 3.6 %

The firm has a 50-day moving average of C$1.69 and a two-hundred day moving average of C$1.04. The company has a market capitalization of C$217.12 million, a PE ratio of 35.65 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.