Banxa (CVE:BNXA) Stock Price Down 20.4% – What’s Next?

Banxa Holdings Inc. (CVE:BNXA) traded down 20.4% during mid-day trading on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.78. 116,525 shares were traded during mid-day 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 Performance

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 firm has a market capitalization of C$35.32 million, a price-to-earnings ratio of -16.15 and a beta of 2.75. The business has a 50-day moving average price of C$1.11 and a 200-day moving average price of C$0.77.

Insider Buying and Selling at Banxa

In related news, Director Antanas (Tony) Guoga acquired 456,800 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average cost of C$1.49 per share, with a total value of C$682,459.20. 20.90% of the stock is currently owned by company insiders.

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.