Neptune Digital Assets (CVE:NDA) Trading Down 16.6% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA) shares dropped 16.6% on Tuesday . The stock traded as low as C$1.20 and last traded at C$1.31. Approximately 1,149,776 shares were traded during trading, a decline of 8% from the average daily volume of 1,248,068 shares. The stock had previously closed at C$1.57.

Analysts Set New Price Targets

Separately, HC Wainwright increased 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 company has a market capitalization of C$170.14 million, a P/E ratio of 27.93 and a beta of 3.25. The stock’s 50 day simple moving average is C$1.52 and its two-hundred day simple moving average is C$0.89.

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.