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

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

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price 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 company has a 50-day simple moving average of C$1.58 and a 200 day simple moving average of C$0.95. The company 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.