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

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised 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 Trading Up 6.0 %

The firm has a market cap of C$180.30 million, a P/E ratio of 29.60 and a beta of 3.25. The company’s fifty day moving average price is C$1.62 and its two-hundred day moving average price is C$1.20.

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.