Neptune Digital Assets (CVE:NDA) Trading Up 16.7% – Here’s What Happened

Shares of Neptune Digital Assets Corp. (CVE:NDA) rose 16.7% on Wednesday . The stock traded as high as C$1.78 and last traded at C$1.75. Approximately 655,517 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 1,236,912 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Performance

The business’s fifty day moving average price is C$1.59 and its 200-day moving average price is C$0.95. The stock has a market cap of C$205.06 million, a PE ratio of 33.67 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.