Neptune Digital Assets (CVE:NDA) Shares Up 16.7% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was up 16.7% during mid-day trading on Wednesday . The company traded as high as C$1.78 and last traded at C$1.75. Approximately 655,517 shares changed hands during trading, a decline of 47% from the average daily volume of 1,236,912 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

Neptune Digital Assets Price Performance

The stock’s 50 day simple moving average is C$1.56 and its two-hundred day simple moving average is C$0.94. 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.