Neptune Digital Assets (CVE:NDA) Trading 14.7% Higher – Should You Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 14.7% during trading on Wednesday . The company traded as high as C$1.72 and last traded at C$1.72. Approximately 404,778 shares were traded during trading, a decline of 67% from the average daily volume of 1,230,101 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased 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 stock has a fifty day moving average of C$1.56 and a 200-day moving average of C$0.94. The company has a market cap of C$228.55 million, a PE ratio of 37.52 and a beta of 3.25.

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.