Banxa (CVE:BNXA) Reaches New 1-Year High – What’s Next?

Shares of Banxa Holdings Inc. (CVE:BNXA) reached a new 52-week high on Tuesday . The company traded as high as C$0.94 and last traded at C$0.94, with a volume of 198107 shares changing hands. The stock had previously closed at C$0.73.

Banxa Stock Up 24.7 %

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 has a fifty day moving average price of C$0.43 and a two-hundred day moving average price of C$0.51. The company has a market cap of C$41.46 million, a P/E ratio of -4.30 and a beta of 2.75.

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.