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

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 20.7% during trading on Thursday . The company 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 raised their price target on 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 fifty day moving average price of C$1.59 and a 200 day moving average price of C$0.95. The stock has a market capitalization of C$205.06 million, a P/E 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.