Neptune Digital Assets (CVE:NDA) Trading 17.3% Higher – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 17.3% on Wednesday . The company traded as high as C$1.76 and last traded at C$1.76. 607,651 shares traded hands during trading, a decline of 51% from the average session volume of 1,235,533 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Up 20.7 %

The firm has a 50-day moving average price of C$1.56 and a two-hundred day moving average price of C$0.94. The company has a market capitalization of C$229.82 million, a P/E ratio of 37.73 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.