Banxa (CVE:BNXA) Shares Down 0.3% – Should You Sell?

Banxa Holdings Inc. (CVE:BNXA)’s share price traded down 0.3% during trading on Thursday . The company traded as low as C$1.54 and last traded at C$1.55. 89,018 shares changed hands during trading, a decline of 70% from the average session volume of 295,323 shares. The stock had previously closed at C$1.55.

Banxa Trading Down 0.3%

The company’s fifty day moving average is C$1.43 and its two-hundred day moving average is C$1.29. The company has a quick ratio of 2.36, a current ratio of 0.81 and a debt-to-equity ratio of -209.35. The stock has a market cap of C$70.43 million, a price-to-earnings ratio of -7.73 and a beta of 1.63.

About Banxa

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. Banxa Holdings Inc was founded in 2014 and is headquartered in Melbourne, Australia.