Neptune Digital Assets (CVE:NDA) Stock Price Down 5.4% – Here’s Why

Neptune Digital Assets Corp. (CVE:NDA)’s stock price traded down 5.4% during trading on Thursday . The stock traded as low as C$2.54 and last traded at C$2.63. 572,297 shares were traded during trading, a decline of 58% from the average session volume of 1,358,915 shares. The stock had previously closed at C$2.78.

Wall Street Analyst Weigh In

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

Neptune Digital Assets Stock Down 9.4 %

The stock’s fifty day moving average price is C$1.16 and its 200 day moving average price is C$0.68. The stock has a market cap of C$320.67 million, a P/E 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.

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.