Neptune Digital Assets (CVE:NDA) Stock Price Up 20.7% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price rose 20.7% during 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 trading, a decline of 29% from the average daily volume of 1,242,540 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Up 20.7 %

The company has a 50-day moving average price of C$1.58 and a 200-day moving average price of C$0.95. The firm has a market capitalization of C$229.82 million, a price-to-earnings ratio of 37.73 and a beta of 3.25.

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.