Neptune Digital Assets (CVE:NDA) Shares Down 16.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Trading Down 14.6 %

The stock has a market capitalization of C$170.14 million, a P/E ratio of 27.93 and a beta of 3.25. The company’s fifty day simple moving average is C$1.52 and its 200 day simple moving average is C$0.89.

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.