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

Neptune Digital Assets Corp. (CVE:NDA) shares traded down 13.5% on Thursday . The stock 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.

Analysts Set New Price Targets

Separately, HC Wainwright upped 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 Stock Performance

The firm has a market capitalization of C$170.14 million, a price-to-earnings ratio of 27.93 and a beta of 3.25. The business’s 50 day moving average is C$1.63 and its 200-day moving average is 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.