Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price traded down 21.8% during mid-day trading on Tuesday . The company traded as low as C$0.55 and last traded at C$0.61. 356,647 shares changed hands during trading, an increase of 125% from the average session volume of 158,265 shares. The stock had previously closed at C$0.78.
Banxa Stock Performance
The stock has a market capitalization of C$31.69 million, a P/E ratio of -14.49 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 business has a fifty day moving average price of C$1.12 and a 200-day moving average price of C$0.77.
Insider Buying and Selling at Banxa
In related news, Director Antanas (Tony) Guoga acquired 50,000 shares of the stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of C$1.01 per share, with a total value of C$50,720.00. 20.90% of the stock is currently owned by company 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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