Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price was down 20.4% during trading on Monday . The stock traded as low as C$0.75 and last traded at C$0.78. Approximately 116,525 shares traded hands during trading, a decline of 24% from the average daily volume of 153,542 shares. The stock had previously closed at C$0.98.
Banxa Stock Performance
The company has a market capitalization of C$40.52 million, a price-to-earnings ratio of -18.52 and a beta of 2.75. The stock’s 50 day moving average price is C$1.12 and its 200 day moving average price is C$0.77. The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35.
Insider Activity at Banxa
In other news, Director Antanas (Tony) Guoga acquired 456,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was bought at an average price of C$1.49 per share, with a total value of C$682,459.20. Insiders own 20.90% of the company’s stock.
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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