Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Time to Buy?

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

Analyst Ratings Changes

Separately, HC Wainwright raised their target price 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 Up 20.7 %

The business’s 50 day moving average is C$1.58 and its 200-day moving average is C$0.95. The firm has a market capitalization of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25.

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.