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

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 20.7% during trading on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares were traded during trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on shares of 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 company’s 50-day moving average is C$1.59 and its 200 day moving average is C$0.95. The company has a market capitalization of C$205.06 million, a PE ratio of 33.67 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.