Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s share price shot up 20% during trading on Friday . The stock traded as high as C$0.95 and last traded at C$0.90. 154,452 shares traded hands during trading, an increase of 396% from the average session volume of 31,118 shares. The stock had previously closed at C$0.75.
Banxa Trading Up 24.0 %
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 stock has a market capitalization of C$42.37 million, a P/E ratio of -4.65 and a beta of 2.75. The firm’s 50-day simple moving average is C$0.72 and its 200 day simple moving average is C$0.56.
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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