Neptune Digital Assets (CVE:NDA) Trading 16% Higher – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) shot up 16% during trading on Wednesday . The stock traded as high as C$1.52 and last traded at C$1.52. 946,038 shares were traded during trading, a decline of 8% from the average session volume of 1,028,593 shares. The stock had previously closed at C$1.31.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Get Our Latest Stock Analysis on NDA

Neptune Digital Assets Price Performance

The business’s fifty day moving average price is C$1.69 and its 200-day moving average price is C$1.18. The stock has a market capitalization of C$196.81 million, a price-to-earnings ratio of 32.31 and a beta of 3.25.

About Neptune Digital Assets

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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.

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