Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) dropped 5.1% during trading on Tuesday . The company traded as low as C$0.75 and last traded at C$0.75. Approximately 28,746 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 29,352 shares. The stock had previously closed at C$0.79.
Banxa Price Performance
The stock has a market capitalization of C$34.17 million, a PE ratio of -3.75 and a beta of 2.75. The firm’s fifty day moving average price is C$0.65 and its two-hundred day moving average price is C$0.55. The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64.
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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