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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 20.7% during mid-day trading on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. 884,264 shares traded hands during trading, a decline of 29% from the average session volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The company has a market cap of C$205.06 million, a P/E ratio of 33.67 and a beta of 3.25. The company has a 50 day moving average of C$1.59 and a 200-day moving average of C$0.95.

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.