Banxa (CVE:BNXA) Stock Price Down 20.4% – Time to Sell?

Shares of Banxa Holdings Inc. (CVE:BNXA) fell 20.4% during trading on Tuesday . The company 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 Stock Up 11.5 %

The company has a quick ratio of 2.36, a current ratio of 0.81 and a debt-to-equity ratio of -209.35. The stock has a market cap of C$35.32 million, a PE ratio of -16.15 and a beta of 2.75. The firm has a fifty day moving average of C$1.11 and a 200 day moving average of C$0.77.

Insider Transactions at Banxa

In related news, Director Antanas (Tony) Guoga acquired 456,800 shares of Banxa stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of C$1.49 per share, for a total transaction 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.