Neptune Digital Assets (CVE:NDA) Shares Up 5.4% – Still a Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 5.4% during trading on Friday . The company traded as high as C$1.38 and last traded at C$1.37. 227,012 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,220,811 shares. The stock had previously closed at C$1.30.

Analyst Ratings Changes

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

Neptune Digital Assets Stock Up 12.3 %

The company has a market capitalization of C$185.38 million, a P/E ratio of 30.44 and a beta of 3.25. The business has a 50 day simple moving average of C$1.54 and a 200-day simple moving average of C$0.92.

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.