Banxa (CVE:BNXA) Trading Down 5.4%

Banxa Holdings Inc. (CVE:BNXAGet Free Report)’s share price traded down 5.4% during trading on Friday . The company traded as low as C$0.48 and last traded at C$0.53. 33,200 shares changed hands during trading, an increase of 42% from the average session volume of 23,430 shares. The stock had previously closed at C$0.56.

Banxa Stock Performance

The business has a 50 day moving average of C$0.60 and a 200 day moving average of C$0.67. The company has a market capitalization of C$24.15 million, a P/E ratio of -2.65 and a beta of 3.10. The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64.

Banxa Company Profile

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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 end users to purchase cryptocurrency and NFT's using fiat currency. The company was founded in 2014 and is headquartered in Melbourne, Australia.

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