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

Neptune Digital Assets Corp. (CVE:NDA)’s share price dropped 13.5% during mid-day trading on Friday . The stock traded as low as C$1.31 and last traded at C$1.34. Approximately 828,087 shares traded hands during 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 lifted 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 Stock Up 6.0 %

The company has a fifty day moving average of C$1.62 and a two-hundred day moving average of C$1.20. The stock has a market capitalization of C$180.30 million, a price-to-earnings ratio of 29.60 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.