Neptune Digital Assets (CVE:NDA) Trading Down 14% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA) shares were down 14% on Tuesday . The stock traded as low as C$1.20 and last traded at C$1.35. Approximately 1,291,543 shares changed hands during trading, an increase of 3% from the average daily volume of 1,259,838 shares. The stock had previously closed at C$1.57.

Analysts Set New Price Targets

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

Neptune Digital Assets Stock Down 14.6 %

The company has a fifty day moving average price of C$1.52 and a 200-day moving average price of C$0.89. The stock has a market capitalization of C$170.14 million, a P/E ratio of 27.93 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.