Neptune Digital Assets (CVE:NDA) Stock Price Up 23.3% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s share price shot up 23.3% during trading on Monday . The company traded as high as C$1.88 and last traded at C$1.80. 1,183,579 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 1,237,676 shares. The stock had previously closed at C$1.46.

Analysts Set New Price Targets

Separately, HC Wainwright increased 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 Analysis on Neptune Digital Assets

Neptune Digital Assets Trading Up 5.5 %

The firm has a market cap of C$195.54 million, a price-to-earnings ratio of 32.10 and a beta of 3.25. The firm’s 50-day moving average is C$1.54 and its 200-day moving average is C$0.92.

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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