Neptune Digital Assets (CVE:NDA) Sets New 1-Year Low – What’s Next?

Neptune Digital Assets Corp. (CVE:NDAGet Free Report)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$0.47 and last traded at C$0.48, with a volume of 57420 shares. The stock had previously closed at C$0.51.

Neptune Digital Assets Stock Down 5.9%

The company has a market capitalization of C$61.57 million, a price-to-earnings ratio of -16.00 and a beta of 0.72. The business’s 50-day moving average is C$0.77 and its 200-day moving average is C$0.84. The company has a quick ratio of 4.84, a current ratio of 1.59 and a debt-to-equity ratio of 25.03.

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. 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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