Neptune Digital Assets (CVE:NDA) Stock Price Up 19.4% - Should You Buy?

Key Points

• Neptune Digital Assets Corp. shares surged by 19.4% on Wednesday, trading as high as C$1.31 before closing at C$1.17, with a trading volume increase of 49%.
• The company holds a market capitalization of C$148.70 million and has a negative price-to-earnings ratio of -117.00.
• Neptune Digital Assets engages in various cryptocurrency activities, including Bitcoin mining, staking, and lending digital currencies, positioning itself within the digital currency infrastructure market in Canada.

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares traded 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. 1,033,394 shares traded hands during mid-day 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 Stock Down 3.9%

The company has a 50 day simple moving average of C$1.24 and a 200-day simple moving average of C$1.46. The stock has a market capitalization of C$155.05 million, a price-to-earnings ratio of -122.00 and a beta of 2.18.

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.