Neptune Digital Assets (CVE:NDA) Trading 24.7% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) shares rose 24.7% during trading on Monday . The company traded as high as C$1.85 and last traded at C$1.82. Approximately 1,003,621 shares were traded during trading, a decline of 19% from the average daily volume of 1,233,454 shares. The stock had previously closed at C$1.46.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Neptune Digital Assets

Neptune Digital Assets Price Performance

The stock has a market cap of C$195.54 million, a price-to-earnings ratio of 32.10 and a beta of 3.25. The firm has a 50 day simple moving average of C$1.54 and a two-hundred day simple moving average of C$0.92.

About Neptune Digital Assets

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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.

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