Neptune Digital Assets (CVE:NDA) Shares Down 11.6% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was down 11.6% during mid-day trading on Thursday . The stock traded as low as C$1.31 and last traded at C$1.37. Approximately 753,402 shares were traded during trading, a decline of 27% from the average daily volume of 1,031,226 shares. The stock had previously closed at C$1.55.

Wall Street Analysts Forecast Growth

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

Neptune Digital Assets Stock Up 6.0 %

The company’s fifty day moving average price is C$1.62 and its two-hundred day moving average price is C$1.20. The company has a market cap of C$180.30 million, a price-to-earnings ratio of 29.60 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.