Neptune Digital Assets (CVE:NDA) Trading Down 17.8% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price dropped 17.8% during mid-day trading on Tuesday . The company traded as low as C$1.20 and last traded at C$1.29. Approximately 1,104,665 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 1,245,940 shares. The stock had previously closed at C$1.57.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their target price 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 Price Performance

The company has a market capitalization of C$170.14 million, a price-to-earnings ratio of 27.93 and a beta of 3.25. The firm’s 50-day simple moving average is C$1.52 and its two-hundred 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.