Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s share price shot up 29.3% during trading on Tuesday . The company traded as high as C$1.61 and last traded at C$1.59. 601,019 shares changed hands during trading, an increase of 218% from the average session volume of 189,118 shares. The stock had previously closed at C$1.23.
Banxa Stock Performance
The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64. The company has a market cap of C$72.90 million, a P/E ratio of -8.00 and a beta of 2.75. The business has a fifty day moving average of C$0.94 and a 200 day moving average of C$0.66.
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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