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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price rose 20.7% on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares traded 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 research note on Thursday, January 30th.

Neptune Digital Assets Stock Performance

The business’s 50 day moving average price is C$1.59 and its two-hundred day moving average price 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.