Neptune Digital Assets (CVE:NDA) Stock Price Down 5.1% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was down 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 changed hands during mid-day 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 Trading Down 4.1 %

The company has a 50-day moving average price of C$0.28 and a 200 day moving average price of C$0.29. The stock has a market capitalization of C$45.17 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

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

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.