Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was 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 changed hands during mid-day trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped 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 Price Performance

The company has a market capitalization of C$205.06 million, a PE ratio of 33.67 and a beta of 3.25. The firm’s fifty day simple moving average is C$1.59 and its 200 day simple moving average is C$0.95.

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.