Neptune Digital Assets (CVE:NDA) Trading Up 20.7% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) was up 20.7% during trading on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares changed hands during trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Performance

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

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.