Neptune Digital Assets (CVE:NDA) Stock Price Down 7.1% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA) was down 7.1% during mid-day trading on Monday . The stock traded as low as C$1.49 and last traded at C$1.50. Approximately 125,836 shares changed hands 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.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Price Performance

The stock has a market cap of C$186.65 million, a price-to-earnings ratio of 30.64 and a beta of 3.25. The stock’s 50 day simple moving average is C$1.61 and its two-hundred day simple moving average is C$0.99.

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.