Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s share price shot up 30.1% during trading on Wednesday . The stock traded as high as C$1.61 and last traded at C$1.60. 622,219 shares changed hands during mid-day trading, an increase of 226% from the average session volume of 190,581 shares. The stock had previously closed at C$1.23.
Banxa Trading Down 1.9 %
The business’s fifty day simple moving average is C$0.99 and its two-hundred day simple moving average is C$0.68. 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$68.80 million, a price-to-earnings ratio of -7.55 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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