Neptune Digital Assets (CVE:NDA) Trading Down 13.5% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price 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 changed hands during 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 lifted 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 Performance

The company’s 50 day simple moving average is C$1.62 and its 200 day simple moving average is C$1.20. The stock has a market cap of C$180.30 million, a PE ratio of 29.60 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.