Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shot up 27.6% during mid-day trading on Tuesday . The stock traded as high as C$1.58 and last traded at C$1.57. 476,388 shares were traded during mid-day trading, an increase of 159% from the average session volume of 183,888 shares. The stock had previously closed at C$1.23.
Banxa Price Performance
The company has a debt-to-equity ratio of 194.64, a quick ratio of 2.36 and a current ratio of 0.96. The company has a 50-day moving average of C$0.94 and a 200-day moving average of C$0.66. The stock has a market cap of C$72.90 million, a price-to-earnings ratio of -8.00 and a beta of 2.75.
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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