Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) were down 20.4% on Tuesday . 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 Price Performance
The company has a debt-to-equity ratio of -209.35, a current ratio of 0.81 and a quick ratio of 2.36. The stock’s fifty day moving average is C$1.11 and its 200-day moving average is C$0.77. The stock has a market cap of C$35.32 million, a PE ratio of -16.15 and a beta of 2.75.
Insider Transactions at Banxa
In other Banxa news, Director Antanas (Tony) Guoga purchased 456,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were acquired 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.
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.
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