Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) fell 1.8% on Wednesday . The stock traded as low as C$0.55 and last traded at C$0.55. 9,404 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 125,452 shares. The stock had previously closed at C$0.56.
Banxa Stock Down 1.8 %
The firm has a market capitalization of C$28.57 million, a PE ratio of -13.06 and a beta of 2.75. The company has a quick ratio of 2.36, a current ratio of 0.81 and a debt-to-equity ratio of -209.35. The firm’s 50 day moving average price is C$1.00 and its two-hundred day moving average price is C$0.79.
Insider Buying and Selling at Banxa
In related news, Director Antanas (Tony) Guoga purchased 456,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of C$1.49 per share, with a total value of C$682,459.20. 20.90% of the stock is currently owned by corporate insiders.
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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