Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 20.7% on Thursday . The stock 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.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Performance

The company’s fifty day simple moving average is C$1.58 and its two-hundred day simple moving average is C$0.95. The stock 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.