Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) traded 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 changed 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.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price 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 firm has a market capitalization of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25. The stock’s 50-day simple moving average is C$1.58 and its two-hundred day simple moving average is 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.