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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price fell 13.5% during trading on Thursday . The company traded as low as C$1.31 and last traded at C$1.34. 828,087 shares changed hands during mid-day 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 Upgrades and Downgrades

Separately, HC Wainwright boosted 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 Price Performance

The company has a market capitalization of C$180.30 million, a PE ratio of 29.60 and a beta of 3.25. The stock has a 50-day simple moving average of C$1.62 and a 200 day simple moving average of C$1.20.

About Neptune Digital Assets

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.