Neptune Digital Assets (CVE:NDA) Trading 10% Higher – Time to Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 10% during trading on Wednesday . The stock traded as high as C$1.68 and last traded at C$1.65. 209,191 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,136,617 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Price Performance

The stock has a market capitalization of C$223.47 million, a PE ratio of 36.69 and a beta of 3.25. The stock’s fifty day moving average is C$1.69 and its 200-day moving average is C$1.04.

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.