Neptune Digital Assets (CVE:NDA) Stock Price Up 20.7% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares rose 20.7% on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares were traded during 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 Analyst Weigh In

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

Neptune Digital Assets Price Performance

The company’s 50 day moving average is C$1.59 and its 200 day moving average is C$0.95. The stock has a market cap of C$205.06 million, a price-to-earnings ratio of 33.67 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.