Neptune Digital Assets (CVE:NDA) Stock Price Up 7% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price rose 7% during mid-day trading on Thursday . The company traded as high as C$1.85 and last traded at C$1.83. Approximately 372,042 shares were traded during trading, a decline of 71% from the average daily volume of 1,288,062 shares. The stock had previously closed at C$1.71.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Trading Down 4.4 %

The business has a fifty day moving average of C$1.51 and a 200 day moving average of C$0.87. The company has a market capitalization of C$222.20 million, a PE ratio of 36.48 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.