Neptune Digital Assets (CVE:NDA) Shares Down 13.5% – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The company has a market cap of C$180.30 million, a P/E ratio of 29.60 and a beta of 3.25. The firm’s 50-day moving average is C$1.62 and its two-hundred day moving average is 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.