Neptune Digital Assets (CVE:NDA) Shares Up 5.4% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares rose 5.4% during mid-day trading on Friday . The stock traded as high as C$1.38 and last traded at C$1.37. Approximately 227,012 shares traded hands during trading, a decline of 81% from the average daily volume of 1,220,811 shares. The stock had previously closed at C$1.30.

Analyst Ratings Changes

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

Neptune Digital Assets Stock Up 12.3 %

The firm’s 50 day simple moving average is C$1.54 and its 200 day simple moving average is C$0.91. The company has a market cap of C$185.38 million, a price-to-earnings ratio of 30.44 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.