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

Neptune Digital Assets Corp. (CVE:NDA)’s share price was up 20.7% on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares traded hands during trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price objective 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 Price Performance

The stock’s 50 day simple moving average is C$1.58 and its two-hundred day simple moving average is C$0.95. The stock 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.