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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price dropped 17.2% during trading on Tuesday . The stock traded as low as C$1.29 and last traded at C$1.30. Approximately 637,714 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 1,238,550 shares. The stock had previously closed at C$1.57.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Down 14.0 %

The stock has a market capitalization of C$171.41 million, a price-to-earnings ratio of 28.14 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.