Neptune Digital Assets (CVE:NDA) Trading 16.7% Higher – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDA) shot up 16.7% during trading on Wednesday . The company traded as high as C$1.78 and last traded at C$1.75. 655,517 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,236,912 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Performance

The stock has a market cap of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25. The business’s 50-day moving average price is C$1.56 and its 200-day moving average price is C$0.94.

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.