Neptune Digital Assets (CVE:NDA) Shares Down 13.5% – What’s Next?

Shares of Neptune Digital Assets Corp. (CVE:NDA) dropped 13.5% during trading on Friday . The stock traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Price Performance

The company has a 50-day moving average of C$1.63 and a two-hundred day moving average of C$1.19. The stock has a market capitalization of C$170.14 million, a PE ratio of 27.93 and a beta of 3.25.

Neptune Digital Assets Company Profile

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.