Neptune Digital Assets (CVE:NDA) Shares Down 13.5% - Here's Why

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

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price target on 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's 50 day simple moving average is C$1.59 and its two-hundred day simple moving average is C$1.22. The stock has a market capitalization of C$176.49 million, a P/E ratio of 28.98 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.