Neptune Digital Assets (CVE:NDA) Shares Up 13.5% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) rose 13.5% during trading on Friday . The stock traded as high as C$0.85 and last traded at C$0.84. Approximately 695,221 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 315,197 shares. The stock had previously closed at C$0.74.

Neptune Digital Assets Stock Performance

The company has a market cap of C$107.76 million, a price-to-earnings ratio of -14.00 and a beta of 1.66. The firm’s 50 day simple moving average is C$0.92 and its 200-day simple moving average is C$0.98.

Neptune Digital Assets Company Profile

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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. The company was formerly known as Neptune Dash Technologies Corp. and changed its name to Neptune Digital Assets Corp. in December 2020. Neptune Digital Assets Corp. was founded in 2017 and is headquartered in Vancouver, Canada.

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