Neptune Digital Assets (CVE:NDA) Trading Down 5.4% – Time to Sell?

Shares of Neptune Digital Assets Corp. (CVE:NDA) were down 5.4% during trading on Thursday . The stock traded as low as C$2.54 and last traded at C$2.63. Approximately 572,297 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 1,358,915 shares. The stock had previously closed at C$2.78.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Trading Down 6.3 %

The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The firm’s 50-day simple moving average is C$1.23 and its 200-day simple moving average is C$0.71.

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.