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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 20.7% on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. 884,264 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

Separately, HC Wainwright boosted their target price 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 0.3 %

The stock has a 50 day simple moving average of C$1.59 and a 200-day simple moving average of C$0.95. The firm has a market capitalization of C$205.06 million, a P/E 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.