Neptune Digital Assets (CVE:NDA) Trading Down 5.1% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA)’s stock price dropped 5.1% during mid-day trading on Monday . The company traded as low as C$0.38 and last traded at C$0.38. Approximately 78,461 shares were traded during trading, a decline of 29% from the average daily volume of 110,658 shares. The stock had previously closed at C$0.40.

Neptune Digital Assets Stock Down 2.5 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a 50 day simple moving average of C$0.27 and a 200-day simple moving average of C$0.29. The firm has a market cap of C$48.99 million, a PE ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets (CVE:NDA) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$0.65 million during the quarter, compared to analyst estimates of C$0.55 million. Neptune Digital Assets had a negative return on equity of 0.54% and a negative net margin of 12.88%. Sell-side analysts predict that Neptune Digital Assets Corp. will post -0.01 EPS for the current fiscal year.

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.