Neptune Digital Assets (CVE:NDA) Trading 20.7% Higher – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was 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. Approximately 884,264 shares traded 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 Analysts Forecast Growth

Separately, HC Wainwright boosted their target price 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 Performance

The firm’s 50 day moving average is C$1.59 and its 200-day moving average is C$0.95. The stock has a market capitalization of C$205.06 million, a price-to-earnings 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.