Neptune Digital Assets (CVE:NDA) Shares Up 19.4% - Time to Buy?

Key Points

• Neptune Digital Assets Corp. shares surged by 19.4% during a single trading session, reaching as high as C$1.31 from a previous close of C$0.98.
• The company, valued at C$148.70 million with a P/E ratio of -117.00, is involved in various digital currency operations including Bitcoin mining and cryptocurrency staking.
• Trading volume increased significantly, with over 1 million shares exchanged, marking a 49% rise from its average session volume.

Neptune Digital Assets Corp. (CVE:NDA - ) shot up 19.4% during trading on Tuesday . The company traded as high as C$1.31 and last traded at C$1.17. 1,033,394 shares traded hands during trading, an increase of 49% from the average session volume of 695,207 shares. The stock had previously closed at C$0.98.

Neptune Digital Assets Trading Up 19.4%

The stock has a market capitalization of C$148.70 million, a P/E ratio of -117.00 and a beta of 2.18. The stock's 50 day simple moving average is C$1.26 and its 200 day simple moving average is C$1.46.

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.

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