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

Neptune Digital Assets Corp. (CVE:NDA) dropped 13.5% during 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 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 report on Thursday, January 30th.

Neptune Digital Assets Price Performance

The firm has a market capitalization of C$180.30 million, a PE ratio of 29.60 and a beta of 3.25. The firm’s fifty day moving average is C$1.62 and its two-hundred day moving average is C$1.20.

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.