Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price rose 30.1% on Tuesday . The stock traded as high as C$1.61 and last traded at C$1.60. Approximately 574,411 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 188,587 shares. The stock had previously closed at C$1.23.
Banxa Price Performance
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 company has a market capitalization of C$72.90 million, a P/E ratio of -8.00 and a beta of 2.75. The firm’s 50-day moving average is C$0.94 and its 200-day moving average is C$0.66.
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.
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