Neptune Digital Assets (CVE:NDA) Shares Up 20.7% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 20.7% 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.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their target price 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 Down 0.3 %

The company has a market cap of C$205.06 million, a P/E ratio of 33.67 and a beta of 3.25. The business has a fifty day moving average of C$1.59 and a 200 day moving average 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.