Neptune Digital Assets (CVE:NDA) Trading 15.1% Higher – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 15.1% during mid-day trading on Monday . The company traded as high as C$1.78 and last traded at C$1.68. Approximately 785,557 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 1,227,109 shares. The stock had previously closed at C$1.46.

Wall Street Analyst Weigh In

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 Up 5.5 %

The company’s fifty day moving average is C$1.54 and its two-hundred day moving average is C$0.92. The stock has a market cap of C$195.54 million, a price-to-earnings ratio of 32.10 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.