Neptune Digital Assets (CVE:NDA) Trading 11.3% Higher – Here’s Why

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s share price rose 11.3% during trading on Wednesday . The company traded as high as C$1.67 and last traded at C$1.67. Approximately 161,481 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,134,619 shares. The stock had previously closed at C$1.50.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on NDA

Neptune Digital Assets Stock Performance

The business’s fifty day moving average price is C$1.66 and its 200-day moving average price is C$1.03. The stock has a market cap of C$205.69 million, a PE ratio of 33.77 and a beta of 3.25.

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.

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