Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares 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 traded 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.

Analysts Set New Price Targets

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

Neptune Digital Assets Price Performance

The stock’s 50-day moving average price is C$1.58 and its 200 day moving average price is C$0.95. The firm has a market cap of C$229.82 million, a P/E ratio of 37.73 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.