Banxa Holdings Inc. (CVE:BNXA – Get Free Report) dropped 36.4% during trading on Wednesday . The stock traded as low as C$0.74 and last traded at C$0.75. Approximately 170,742 shares changed hands during mid-day trading, an increase of 457% from the average daily volume of 30,674 shares. The stock had previously closed at C$1.18.
Banxa Stock Down 36.4 %
The firm’s 50 day simple moving average is C$0.71 and its 200 day simple moving average is C$0.56. The company has a market cap of C$34.17 million, a price-to-earnings ratio of -3.75 and a beta of 2.75. The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64.
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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