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

Banxa Holdings Inc. (CVE:BNXA)’s share price fell 20.4% during 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 trading, a decline of 24% from the average session volume of 153,542 shares. The stock had previously closed at C$0.98.

Banxa Trading Up 11.5 %

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

Insiders Place Their Bets

In other Banxa news, Director Antanas (Tony) Guoga purchased 50,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$1.01 per share, for a total transaction of C$50,720.00. Insiders own 20.90% of the company’s stock.

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.