Neptune Digital Assets (CVE:NDA) Shares Up 17.3% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) was up 17.3% during trading on Wednesday . The stock traded as high as C$1.76 and last traded at C$1.76. Approximately 607,651 shares traded hands during trading, a decline of 51% from the average daily volume of 1,235,533 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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 Price Performance

The stock has a 50 day simple moving average of C$1.59 and a two-hundred day simple moving average of 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.