Neptune Digital Assets (CVE:NDA) Trading 20.7% Higher – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded 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 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 increased their price target on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Stock Performance

The stock has a fifty day simple moving average of C$1.58 and a two-hundred day simple moving average of C$0.95. The stock has a market capitalization of C$229.82 million, a price-to-earnings 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.