Neptune Digital Assets (CVE:NDA) Trading 20.7% Higher – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 20.7% on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. 884,264 shares changed hands during 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 boosted 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 Performance

The business’s 50 day simple moving average is C$1.59 and its 200-day simple moving average is C$0.95. The stock has a market capitalization of C$205.06 million, a price-to-earnings ratio of 33.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

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.