Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price shot up 27.6% on Tuesday . The company traded as high as C$1.57 and last traded at C$1.57. 416,544 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 179,367 shares. The stock had previously closed at C$1.23.
Banxa Stock Performance
The company has a debt-to-equity ratio of 194.64, a quick ratio of 2.36 and a current ratio of 0.96. The company has a market capitalization of C$72.44 million, a PE ratio of -7.95 and a beta of 2.75. The business’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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