Neptune Digital Assets (CVE:NDA) Trading Down 16.6% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s share price dropped 16.6% during trading on Tuesday . The stock traded as low as C$1.20 and last traded at C$1.31. Approximately 1,149,776 shares changed hands during trading, a decline of 8% from the average daily volume of 1,248,068 shares. The stock had previously closed at C$1.57.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised 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 company has a market capitalization of C$170.14 million, a PE ratio of 27.93 and a beta of 3.25. The business’s 50-day moving average is C$1.52 and its 200-day moving average is C$0.89.

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.