Neptune Digital Assets (CVE:NDA) Stock Price Up 10% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 10% during mid-day trading on Wednesday . The company traded as high as C$1.68 and last traded at C$1.65. Approximately 209,191 shares traded hands during trading, a decline of 82% from the average daily volume of 1,136,617 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price on 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 cap of C$205.69 million, a PE ratio of 33.77 and a beta of 3.25. The business has a fifty day moving average price of C$1.66 and a two-hundred day moving average price of C$1.03.

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.