Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price rose 16.3% on Tuesday . The stock traded as high as C$1.55 and last traded at C$1.43. Approximately 254,177 shares changed hands during trading, an increase of 47% from the average daily volume of 172,935 shares. The stock had previously closed at C$1.23.
Banxa Trading Up 28.5 %
The company has a 50 day moving average of C$0.94 and a 200 day moving average of C$0.66. 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 stock has a market capitalization of C$71.98 million, a price-to-earnings ratio of -7.90 and a beta of 2.75.
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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