Neptune Digital Assets (CVE:NDA) Stock Price Down 5.1% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA) shares dropped 5.1% during trading on Monday . The company traded as low as C$0.38 and last traded at C$0.38. Approximately 78,461 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 110,658 shares. The stock had previously closed at C$0.40.

Neptune Digital Assets Stock Performance

The firm has a fifty day moving average of C$0.28 and a 200 day moving average of C$0.29. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a market capitalization of C$45.17 million, a price-to-earnings ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets (CVE:NDA) last posted its earnings results on Monday, July 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. Neptune Digital Assets had a negative net margin of 12.88% and a negative return on equity of 0.54%. The firm had revenue of C$0.65 million during the quarter, compared to analysts’ expectations of C$0.55 million. On average, sell-side analysts anticipate that Neptune Digital Assets Corp. will post -0.01 earnings per share for the current fiscal year.

About Neptune Digital Assets

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.