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

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

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Down 0.3 %

The firm has a fifty day moving average price of C$1.59 and a two-hundred day moving average price of C$0.95. The stock has a market capitalization of C$205.06 million, a P/E ratio of 33.67 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.