Neptune Digital Assets (CVE:NDA) Shares Down 13.5% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA) shares were down 13.5% during trading on Friday . The company traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares changed hands during trading, a decline of 20% from the average daily volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted 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 Trading Up 6.0 %

The business’s fifty day moving average price is C$1.62 and its 200 day moving average price is C$1.20. The company has a market capitalization of C$180.30 million, a P/E ratio of 29.60 and a beta of 3.25.

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.