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

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

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Performance

The firm has a market cap of C$185.38 million, a P/E ratio of 30.44 and a beta of 3.25. The firm has a fifty day moving average of C$1.54 and a 200-day moving average of C$0.91.

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.