Neptune Digital Assets (CVE:NDA) Trading Down 13.5% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) shares fell 13.5% during trading on Friday . The stock traded as low as C$1.31 and last traded at C$1.34. 828,087 shares traded hands during 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 lifted their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday, January 30th.

Neptune Digital Assets Stock Up 6.0 %

The stock’s 50 day moving average is C$1.62 and its two-hundred day moving average is C$1.20. The company has a market capitalization of C$180.30 million, a PE ratio of 29.60 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.