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

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) shares were up 20.7% during mid-day 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 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 Analysts Forecast Growth

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

Read Our Latest Stock Analysis on NDA

Neptune Digital Assets Price Performance

The company has a market capitalization of C$229.82 million, a price-to-earnings ratio of 37.73 and a beta of 3.25. The stock has a 50-day moving average price of C$1.58 and a 200-day moving average price of C$0.95.

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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