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

Neptune Digital Assets Corp. (CVE:NDA)’s share price dropped 13.5% during mid-day trading on Friday . The company traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective 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 Trading Up 6.0 %

The firm has a market cap of C$180.30 million, a PE ratio of 29.60 and a beta of 3.25. The firm has a fifty day simple moving average of C$1.62 and a two-hundred day simple moving average of C$1.20.

Neptune Digital Assets Company Profile

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.