Neptune Digital Assets (CVE:NDA) Stock Price Down 7.1% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA) traded down 7.1% during mid-day trading on Monday . The stock traded as low as C$1.49 and last traded at C$1.50. 125,836 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,198,502 shares. The stock had previously closed at C$1.62.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price target on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Trading Down 10.2 %

The firm’s fifty day simple moving average is C$1.60 and its 200 day simple moving average is C$0.97. The company has a market cap of C$184.11 million, a price-to-earnings ratio of 30.23 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.