Neptune Digital Assets (CVE:NDA) Trading 29.6% Higher - Should You Buy?

Key Points

• Neptune Digital Assets Corp. stock surged by 29.6% on Tuesday, reaching a high of C$1.31 before closing at C$1.27, a significant increase from the previous close of C$0.98.
• Approximately 941,940 shares were traded, which is a 36% increase from the average daily volume of 694,562 shares.
• The company, with a market cap of C$148.70 million, is involved in Bitcoin mining, cryptocurrency staking, and decentralized finance (DeFi) activities.

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) rose 29.6% during trading on Tuesday . The stock traded as high as C$1.31 and last traded at C$1.27. Approximately 941,940 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 694,562 shares. The stock had previously closed at C$0.98.

Neptune Digital Assets Trading Up 9.5%

The stock has a market cap of C$161.41 million, a P/E ratio of -127.00 and a beta of 2.18. The company has a 50 day simple moving average of C$1.24 and a 200 day simple moving average of 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.