Neptune Digital Assets (CVE:NDA) Shares Up 9.8% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 9.8% during mid-day trading on Thursday . The company traded as high as C$2.04 and last traded at C$2.01. Approximately 981,048 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 930,546 shares. The stock had previously closed at C$1.83.

Analyst Ratings Changes

Separately, HC Wainwright boosted their price objective on 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 company has a market cap of C$255.21 million, a price-to-earnings ratio of 41.90 and a beta of 3.25. The stock has a 50 day simple moving average of C$1.63 and a two-hundred day simple moving average of C$1.44.

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.