Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shares rose 18.7% on Friday . The stock traded as high as C$0.95 and last traded at C$0.89. Approximately 131,202 shares were traded during mid-day trading, an increase of 322% from the average daily volume of 31,091 shares. The stock had previously closed at C$0.75.
Banxa Stock Up 25.3 %
The company has a current ratio of 0.96, a quick ratio of 2.36 and a debt-to-equity ratio of 194.64. The stock’s 50-day moving average price is C$0.72 and its 200-day moving average price is C$0.56. The company has a market cap of C$42.83 million, a P/E ratio of -4.70 and a beta of 2.75.
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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