Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) were up 10% during trading on Friday . The stock traded as high as C$1.24 and last traded at C$1.21. Approximately 379,154 shares traded hands during mid-day trading, an increase of 130% from the average daily volume of 165,100 shares. The stock had previously closed at C$1.10.
Banxa Price Performance
The stock has a market cap of C$55.58 million, a price-to-earnings ratio of -6.10 and a beta of 2.75. The company has a debt-to-equity ratio of 194.64, a current ratio of 0.96 and a quick ratio of 2.36. The stock’s 50 day simple moving average is C$0.91 and its two-hundred day simple moving average is C$0.63.
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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