Neptune Digital Assets (CVE:NDA) Shares Down 13.5% - Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report)'s stock price dropped 13.5% on Friday . The company traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped 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 Stock Down 0.7 %

The company has a fifty day simple moving average of C$1.58 and a two-hundred day simple moving average of C$1.22. The stock has a market capitalization of C$172.68 million, a P/E ratio of 28.35 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.