Neptune Digital Assets (CVE:NDA) Shares Down 14.2% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was down 14.2% on Thursday . The company traded as low as C$1.31 and last traded at C$1.33. Approximately 803,402 shares were traded during trading, a decline of 22% from the average daily volume of 1,031,527 shares. The stock had previously closed at C$1.55.

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 report on Thursday, January 30th.

Neptune Digital Assets Stock Performance

The stock has a market cap of C$170.14 million, a price-to-earnings ratio of 27.93 and a beta of 3.25. The business has a fifty day simple moving average of C$1.65 and a 200 day simple moving average of C$1.19.

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.