Neptune Digital Assets (CVE:NDA) Shares Down 7.1% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was down 7.1% on Monday . The stock traded as low as C$1.49 and last traded at C$1.50. Approximately 125,836 shares were traded during trading, a decline of 90% from the average daily volume of 1,198,502 shares. The stock had previously closed at C$1.62.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Stock Down 10.2 %

The firm has a 50-day simple moving average of C$1.60 and a 200 day simple moving average of C$0.97. The company has a market cap of C$184.11 million, a price-to-earnings ratio of 30.23 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.