Neptune Digital Assets (CVE:NDA) Shares Down 13.5% – Here’s What Happened

Neptune Digital Assets Corp. (CVE:NDA)’s share price fell 13.5% during mid-day trading on Friday . The company traded as low as C$1.31 and last traded at C$1.34. 828,087 shares were traded during mid-day trading, a decline of 20% from the average session volume of 1,032,416 shares. The stock had previously closed at C$1.55.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective 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 13.5 %

The firm has a market cap of C$170.14 million, a price-to-earnings ratio of 27.93 and a beta of 3.25. The company’s 50-day moving average price is C$1.63 and its 200-day moving average price is C$1.19.

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.