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Neptune Digital Assets (CVE:NDA) Trading Down 8.3% - Here's What Happened

Neptune Digital Assets logo with Financial Services background

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price traded down 8.3% during trading on Thursday . The stock traded as low as C$2.51 and last traded at C$2.55. 1,423,802 shares were traded during mid-day trading, an increase of 1% from the average session volume of 1,413,085 shares. The stock had previously closed at C$2.78.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on NDA

Neptune Digital Assets Price Performance

The firm has a market capitalization of C$304.13 million, a P/E ratio of -8.67 and a beta of 3.25. The stock has a 50 day moving average of C$1.27 and a two-hundred day moving average of C$0.73. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

About Neptune Digital Assets

(Get Free Report)

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.

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