Neptune Digital Assets (CVE:NDA) Shares Down 14% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA) dropped 14% during mid-day trading on Tuesday . The company traded as low as C$1.20 and last traded at C$1.35. Approximately 1,291,543 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 1,259,838 shares. The stock had previously closed at C$1.57.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Price Performance

The company’s fifty day simple moving average is C$1.52 and its 200-day simple moving average is C$0.89. The firm has a market capitalization of C$170.14 million, a PE ratio of 27.93 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.