Neptune Digital Assets (CVE:NDA) Shares Up 12.7% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 12.7% during trading on Friday . The company traded as high as C$1.73 and last traded at C$1.69. 720,575 shares were traded during mid-day trading, a decline of 26% from the average session volume of 974,508 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Up 16.7 %

The stock has a market capitalization of C$222.20 million, a P/E ratio of 36.48 and a beta of 3.25. The company has a 50 day moving average of C$1.53 and a 200-day moving average of C$1.28.

Neptune Digital Assets Company Profile

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.