Neptune Digital Assets (CVE:NDA) Trading Down 8.3% – Here’s Why

Posted by James Quigley on Jan 30th, 2025

Shares of Neptune Digital Assets Corp. (CVE:NDA – Get Free Report) dropped 8.3% on Thursday . The company traded as low as C$2.51 and last traded at C$2.55. Approximately 1,423,802 shares were traded during trading, an increase of 1% from the average daily volume of 1,413,085 shares. The stock had previously closed at C$2.78.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on NDA

Neptune Digital Assets Stock Down 3.6 %

The company has a market cap of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The stock’s 50-day moving average is C$1.16 and its 200-day moving average is C$0.68. 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 Company Profile

(Get Free Report)

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.