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Neptune Digital Assets (CVE:NDA) Trading Down 6.3% - Here's Why

Neptune Digital Assets logo with Financial Services background

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) shares were down 6.3% during mid-day trading on Monday . The stock traded as low as C$1.57 and last traded at C$1.64. Approximately 445,873 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 947,058 shares. The stock had previously closed at C$1.75.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Neptune Digital Assets

Neptune Digital Assets Stock Up 5.8 %

The company has a market capitalization of C$232.36 million, a price-to-earnings ratio of 38.15 and a beta of 3.25. The stock's 50-day simple moving average is C$1.55 and its two-hundred day simple moving average is C$1.35.

Neptune Digital Assets Company Profile

(Get Free Report)

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.

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