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Neptune Digital Assets (CVE:NDA) Trading Up 19.4% - Still a Buy?

Neptune Digital Assets logo with Financial Services background

Key Points

  • Neptune Digital Assets Corp.'s shares surged by 19.4% during mid-day trading, climbing to a high of C$1.31 from a previous close of C$0.98.
  • The company's market cap stands at C$148.70 million and it operates in areas including Bitcoin mining, cryptocurrency staking, and decentralized finance.
  • Trading volume increased significantly with approximately 1,033,394 shares exchanged, marking a 49% rise from the average daily volume.
  • Five stocks to consider instead of Neptune Digital Assets.

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s share price was up 19.4% during mid-day trading on Wednesday . The stock traded as high as C$1.31 and last traded at C$1.17. Approximately 1,033,394 shares changed hands during trading, an increase of 49% from the average daily volume of 695,207 shares. The stock had previously closed at C$0.98.

Neptune Digital Assets Stock Performance

The company has a market capitalization of C$155.05 million, a P/E ratio of -122.00 and a beta of 2.18. The firm's fifty day moving average is C$1.24 and its 200-day moving average is C$1.46.

About Neptune Digital Assets

(Get Free Report)

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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