Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 20.7% during mid-day trading on Thursday . The company traded as high as C$1.89 and last traded at C$1.81. 884,264 shares were traded during mid-day 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 research report on Thursday, January 30th.

Neptune Digital Assets Trading Up 20.7 %

The firm has a market cap of C$229.82 million, a PE ratio of 37.73 and a beta of 3.25. The business has a fifty day moving average price of C$1.58 and a 200 day moving average price of C$0.95.

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.