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

Shares of Neptune Digital Assets Corp. (CVE:NDA) were up 20.7% during mid-day trading on Wednesday . The company traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares traded 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 Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The firm has a market cap of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25. The company’s 50 day moving average is C$1.56 and its two-hundred day moving average is C$0.94.

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.