Neptune Digital Assets (CVE:NDA) Trading Down 7.1% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) was down 7.1% during trading on Monday . The stock traded as low as C$1.49 and last traded at C$1.50. Approximately 125,836 shares changed hands during trading, a decline of 90% from the average daily volume of 1,198,502 shares. The stock had previously closed at C$1.62.

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 Stock Up 7.3 %

The firm has a 50-day moving average of C$1.61 and a two-hundred day moving average of C$0.99. The stock has a market capitalization of C$186.65 million, a price-to-earnings ratio of 30.64 and a beta of 3.25.

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.