Neptune Digital Assets (CVE:NDA) Trading 10% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) rose 10% during trading on Wednesday . The stock traded as high as C$1.68 and last traded at C$1.65. Approximately 209,191 shares were traded during mid-day 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 raised their price objective on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday, January 30th.

Neptune Digital Assets Price Performance

The business’s 50 day moving average is C$1.69 and its 200-day moving average is C$1.04. The company has a market cap of C$223.47 million, a PE ratio of 36.69 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.