Banxa (CVE:BNXA) Stock Price Down 20.4% – What’s Next?

Banxa Holdings Inc. (CVE:BNXA)’s share price fell 20.4% during trading on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.78. 116,525 shares were traded during trading, a decline of 24% from the average session volume of 153,542 shares. The stock had previously closed at C$0.98.

Banxa Trading Up 11.5 %

The company has a market capitalization of C$35.32 million, a PE ratio of -16.15 and a beta of 2.75. The stock has a fifty day moving average of C$1.11 and a two-hundred day moving average of 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

In related news, Director Antanas (Tony) Guoga acquired 50,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of C$1.01 per share, for a total transaction of C$50,720.00. 20.90% of the stock is owned by corporate insiders.

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.