Neptune Digital Assets (CVE:NDA) Stock Price Down 9.2% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s stock price dropped 9.2% during mid-day trading on Tuesday . The stock traded as low as C$1.46 and last traded at C$1.48. Approximately 426,755 shares traded hands during trading, a decline of 63% from the average daily volume of 1,139,394 shares. The stock had previously closed at C$1.63.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their price objective 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 firm has a market capitalization of C$196.81 million, a PE ratio of 32.31 and a beta of 3.25. The company’s fifty day simple moving average is C$1.65 and its 200 day simple moving average is C$1.02.

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.