Neptune Digital Assets (CVE:NDA) Trading Up 14.7% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 14.7% during trading on Wednesday . The stock traded as high as C$1.72 and last traded at C$1.72. 404,778 shares were traded during trading, a decline of 67% from the average session volume of 1,230,101 shares. The stock had previously closed at C$1.50.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted 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 Stock Performance

The company’s 50-day moving average price is C$1.59 and its 200-day moving average price is C$0.95. The firm has a market capitalization of C$205.06 million, a PE ratio of 33.67 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.