Neptune Digital Assets (CVE:NDA) Stock Price Up 20.7% – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDAGet Free Report) were up 20.7% during mid-day trading on Thursday . The stock traded as high as C$1.89 and last traded at C$1.81. Approximately 884,264 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

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

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Neptune Digital Assets Stock Performance

The business’s 50-day moving average price is C$1.58 and its 200 day moving average price is C$0.95. The company has a market cap of C$229.82 million, a P/E ratio of 37.73 and a beta of 3.25.

Neptune Digital Assets Company Profile

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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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