Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shares traded down 20.4% during trading on Tuesday . The company traded as low as C$0.75 and last traded at C$0.78. 116,525 shares were traded during trading, a decline of 24% from the average session volume of 153,542 shares. The stock had previously closed at C$0.98.
Banxa Price Performance
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$1.11 and its two-hundred day moving average price is C$0.77. The stock has a market cap of C$35.32 million, a price-to-earnings ratio of -16.15 and a beta of 2.75.
Insider Activity at Banxa
In related news, Director Antanas (Tony) Guoga bought 456,800 shares of the stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of C$1.49 per share, for a total transaction of C$682,459.20. Company insiders own 20.90% of the company’s stock.
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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