Neptune Digital Assets (CVE:NDA) Shares Down 8.3% – Time to Sell?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report) traded down 8.3% on Thursday . The company traded as low as C$2.51 and last traded at C$2.55. 1,423,802 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 1,413,085 shares. The stock had previously closed at C$2.78.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a research report on Thursday.

View Our Latest Stock Analysis on NDA

Neptune Digital Assets Price Performance

The company has a market capitalization of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The company’s 50 day simple moving average is C$1.16 and its 200-day simple moving average is C$0.68.

About Neptune Digital Assets

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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.

Further Reading

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