Neptune Digital Assets (CVE:NDA) Trading Up 5.4% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) shot up 5.4% on Friday . The company traded as high as C$1.38 and last traded at C$1.37. 227,012 shares changed hands during trading, a decline of 81% from the average session volume of 1,220,811 shares. The stock had previously closed at C$1.30.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Neptune Digital Assets

Neptune Digital Assets Price Performance

The stock has a market capitalization of C$185.38 million, a price-to-earnings ratio of 30.44 and a beta of 3.25. The firm’s fifty day moving average is C$1.54 and its 200-day moving average is C$0.91.

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.

Further Reading

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