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

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was down 13.5% on Thursday . The company traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares were traded 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.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Price Performance

The business’s fifty day moving average price is C$1.62 and its 200-day moving average price is C$1.20. The stock has a market capitalization of C$180.30 million, a price-to-earnings ratio of 29.60 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.