Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) traded down 19.5% during mid-day trading on Tuesday . The stock traded as low as C$0.66 and last traded at C$0.66. 101,203 shares traded hands during trading, an increase of 22% from the average session volume of 82,877 shares. The stock had previously closed at C$0.82.
Banxa Stock Performance
The firm has a fifty day moving average of C$0.75 and a 200-day moving average of C$0.87. The stock has a market capitalization of C$35.32 million, a price-to-earnings ratio of -16.15 and a beta of 2.75. The company has a quick ratio of 2.36, a current ratio of 0.81 and a debt-to-equity ratio of -209.35.
Banxa Company Profile
Banxa Holdings Inc operates as a payments service provider for the cryptocurrency exchanges in Australia, North America, and Europe. It provides Web3 on-and-off ramp solutions that allows users to purchase cryptocurrency and NFT’s using fiat currency. The company’s platform also provides connections to approximately 40 blockchain ecosystems allowing businesses and projects to list new tokens on existing blockchains or explore opportunities to list on new blockchains.
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