Banxa (CVE:BNXA) Trading 1% Higher – Here’s Why

Shares of Banxa Holdings Inc. (CVE:BNXAGet Free Report) traded up 1% during trading on Monday . The company traded as high as C$0.98 and last traded at C$0.98. 26,603 shares were traded during mid-day trading, a decline of 82% from the average session volume of 150,870 shares. The stock had previously closed at C$0.97.

Banxa Trading Up 2.0 %

The stock’s 50-day moving average price is C$0.88 and its 200 day moving average price is C$0.60. The company has a debt-to-equity ratio of 194.64, a current ratio of 0.96 and a quick ratio of 2.36. The firm has a market capitalization of C$45.56 million, a PE ratio of -5.00 and a beta of 2.75.

About Banxa

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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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