Neptune Digital Assets (CVE:NDA) Trading Down 8.3% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was down 8.3% during mid-day trading on Thursday . The stock traded as low as C$2.51 and last traded at C$2.55. Approximately 1,423,802 shares traded 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.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted 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 Down 6.3 %

The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a market cap of C$319.40 million, a P/E ratio of -8.67 and a beta of 3.25. The business’s 50 day moving average is C$1.23 and its 200 day moving average is C$0.71.

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.