Neptune Digital Assets (CVE:NDA) Trading 18.3% Higher – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 18.3% on Thursday . The company traded as high as C$1.55 and last traded at C$1.55. 1,335,406 shares changed hands during trading, an increase of 29% from the average session volume of 1,035,378 shares. The stock had previously closed at C$1.31.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their target price 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 Trading Down 11.6 %

The stock’s 50 day moving average price is C$1.65 and its two-hundred day moving average price is C$1.19. The firm has a market capitalization of C$173.95 million, a PE ratio of 28.56 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.