Neptune Digital Assets (CVE:NDA) Trading Up 11.3% – Time to Buy?

Shares of Neptune Digital Assets Corp. (CVE:NDA) traded up 11.3% during trading on Wednesday . The stock traded as high as C$1.67 and last traded at C$1.67. 161,481 shares changed hands during trading, a decline of 86% from the average session volume of 1,134,619 shares. The stock had previously closed at C$1.50.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their target price 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 firm has a 50-day moving average of C$1.66 and a 200-day moving average of C$1.03. The stock has a market cap of C$205.69 million, a PE ratio of 33.77 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.