Neptune Digital Assets (CVE:NDA) Trading Down 17.2% – Here’s What Happened

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

Analyst Ratings Changes

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

Neptune Digital Assets Stock Performance

The company’s 50-day moving average price is C$1.52 and its 200-day moving average price is C$0.89. The firm has a market capitalization of C$170.14 million, a PE ratio of 27.93 and a beta of 3.25.

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.