Neptune Digital Assets (CVE:NDA) Reaches New 1-Year Low – Here’s Why

Shares of Neptune Digital Assets Corp. (CVE:NDAGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.50 and last traded at C$0.51, with a volume of 39974 shares traded. The stock had previously closed at C$0.55.

Neptune Digital Assets Trading Down 7.3%

The firm has a market capitalization of C$65.42 million, a price-to-earnings ratio of -17.00 and a beta of 0.72. The business’s fifty day moving average is C$0.80 and its 200 day moving average is C$0.86. The company has a quick ratio of 4.84, a current ratio of 1.59 and a debt-to-equity ratio of 25.03.

Neptune Digital Assets Company Profile

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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. The company was formerly known as Neptune Dash Technologies Corp. and changed its name to Neptune Digital Assets Corp. in December 2020. Neptune Digital Assets Corp. was founded in 2017 and is headquartered in Vancouver, Canada.

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