Neptune Digital Assets (CVE:NDA) Stock Price 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 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.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Performance

The stock has a 50-day simple moving average of C$1.59 and a two-hundred day simple moving average of C$0.95. The firm has a market cap of C$205.06 million, a PE ratio of 33.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

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.