Neptune Digital Assets (CVE:NDA) Stock Price Up 20.7% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price rose 20.7% on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

Neptune Digital Assets Price Performance

The company has a market capitalization of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25. The company has a fifty day moving average price of C$1.58 and a 200 day moving average price of C$0.95.

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.