Neptune Digital Assets (CVE:NDA) Trading Down 13.5% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) fell 13.5% during mid-day trading on Thursday . The company traded as low as C$1.31 and last traded at C$1.34. 828,087 shares traded hands during trading, a decline of 20% from the average session volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

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

Neptune Digital Assets Price Performance

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

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.