Neptune Digital Assets (CVE:NDA) Shares Down 11.6% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) shares fell 11.6% during mid-day trading on Thursday . The stock traded as low as C$1.31 and last traded at C$1.37. 753,402 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 1,031,226 shares. The stock had previously closed at C$1.55.

Analyst Upgrades and Downgrades

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

Neptune Digital Assets Price Performance

The company has a 50 day moving average of C$1.65 and a two-hundred day moving average of C$1.19. The company has a market capitalization of C$170.14 million, a PE ratio of 27.93 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.