Neptune Digital Assets (CVE:NDA) Shares Down 7.1% - Here's Why

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares were down 7.1% during mid-day trading on Monday . The company traded as low as C$1.49 and last traded at C$1.50. Approximately 125,836 shares traded hands during mid-day 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 raised 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 Stock Up 11.7 %

The business has a 50 day simple moving average of C$1.64 and a two-hundred day simple moving average of C$1.00. The firm has a market cap of C$194.27 million, a PE ratio of 31.90 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.