Neptune Digital Assets (CVE:NDA) Trading Down 11.6% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) shares dropped 11.6% on Thursday . The stock traded as low as C$1.31 and last traded at C$1.37. Approximately 753,402 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,031,226 shares. The stock had previously closed at C$1.55.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Down 13.5 %

The company has a market capitalization of C$170.14 million, a price-to-earnings ratio of 27.93 and a beta of 3.25. The business’s 50-day moving average is C$1.65 and its 200-day moving average is C$1.19.

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.