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

Neptune Digital Assets Corp. (CVE:NDA) shot up 20.7% during trading on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. 884,264 shares were traded during mid-day trading, a decline of 29% from the average session volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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 Stock Up 20.7 %

The stock’s 50-day moving average price is C$1.58 and its 200 day moving average price is C$0.95. The firm has a market capitalization of C$229.82 million, a price-to-earnings ratio of 37.73 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.