Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price was down 21.8% during trading on Tuesday . The company traded as low as C$0.55 and last traded at C$0.61. Approximately 356,647 shares traded hands during trading, an increase of 125% from the average daily volume of 158,265 shares. The stock had previously closed at C$0.78.
Banxa Trading Down 21.8 %
The company has a market cap of C$31.69 million, a P/E ratio of -14.49 and a beta of 2.75. The stock’s 50-day moving average is C$1.12 and its two-hundred day moving average is C$0.77. The company has a debt-to-equity ratio of -209.35, a current ratio of 0.81 and a quick ratio of 2.36.
Insiders Place Their Bets
In related news, Director Antanas (Tony) Guoga bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of C$1.01 per share, with a total value of C$50,720.00. Insiders own 20.90% of the company’s stock.
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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