Neptune Digital Assets (CVE:NDA) Stock Price Down 14.2% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price was down 14.2% on Thursday . The company traded as low as C$1.31 and last traded at C$1.33. Approximately 803,402 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 1,031,527 shares. The stock had previously closed at C$1.55.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday, January 30th.

Neptune Digital Assets Stock Performance

The firm has a market cap of C$170.14 million, a P/E ratio of 27.93 and a beta of 3.25. The firm has a 50 day simple moving average of C$1.65 and a 200 day simple moving average of C$1.19.

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.