Neptune Digital Assets (CVE:NDA) Stock Price Down 17.2% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA)’s share price fell 17.2% during trading on Tuesday . The stock traded as low as C$1.20 and last traded at C$1.30. 1,109,065 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 1,248,068 shares. The stock had previously closed at C$1.57.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Down 14.6 %

The stock has a market capitalization of C$170.14 million, a PE ratio of 27.93 and a beta of 3.25. The business’s 50-day moving average is C$1.52 and its two-hundred day moving average is C$0.89.

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.