Banxa Holdings Inc. (CVE:BNXA – Get Free Report) rose 8.2% during trading on Tuesday . The company traded as high as C$1.05 and last traded at C$0.92. Approximately 103,795 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 75,638 shares. The stock had previously closed at C$0.85.
Banxa Price Performance
The firm has a market capitalization of C$47.79 million, a price-to-earnings ratio of -21.85 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. The stock’s 50-day moving average price is C$0.80 and its 200 day moving average price is C$0.87.
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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