Neptune Digital Assets (CVE:NDA) Trading 7.7% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares were up 7.7% during mid-day trading on Friday . The company traded as high as C$1.40 and last traded at C$1.40. Approximately 246,004 shares traded hands during trading, a decline of 80% from the average daily volume of 1,220,811 shares. The stock had previously closed at C$1.30.

Analyst Upgrades and Downgrades

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 Trading Up 12.3 %

The firm has a 50-day simple moving average of C$1.54 and a two-hundred day simple moving average of C$0.91. The company has a market capitalization of C$185.38 million, a price-to-earnings ratio of 30.44 and a beta of 3.25.

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.