Neptune Digital Assets (CVE:NDA) Stock Price Down 13.5% - Time to Sell?

Shares of Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) 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 were traded 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.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday, January 30th.

Neptune Digital Assets Trading Down 0.7 %

The firm has a market capitalization of C$172.68 million, a P/E ratio of 28.35 and a beta of 3.25. The stock has a 50-day simple moving average of C$1.58 and a two-hundred day simple moving average of C$1.22.

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.