Neptune Digital Assets (CVE:NDA) Trading Down 8.3% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was down 8.3% on Thursday . The company traded as low as C$2.51 and last traded at C$2.55. Approximately 1,423,802 shares changed hands during trading, an increase of 1% from the average daily volume of 1,413,085 shares. The stock had previously closed at C$2.78.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price target on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday.

Neptune Digital Assets Stock Performance

The stock has a market cap of C$341.03 million, a PE ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a 50-day simple moving average of C$1.16 and a 200-day simple moving average of C$0.68.

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.