Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares rose 20.7% during mid-day trading on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares were traded 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.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Performance

The company has a market capitalization of C$205.06 million, a P/E ratio of 33.67 and a beta of 3.25. The firm has a 50 day moving average price of C$1.59 and a two-hundred 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.