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

Neptune Digital Assets Corp. (CVE:NDA) shares traded up 20.7% during trading on Thursday . The stock 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.

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 Stock Performance

The firm has a market capitalization of C$205.06 million, a PE ratio of 33.67 and a beta of 3.25. The company’s 50 day simple moving average is C$1.59 and its 200-day simple moving average is C$0.95.

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.