Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shares fell 26.9% on Tuesday . The stock traded as low as C$0.55 and last traded at C$0.57. 258,547 shares were traded during mid-day trading, an increase of 70% from the average session volume of 152,321 shares. The stock had previously closed at C$0.78.
Banxa Stock Down 21.8 %
The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35. The firm has a market capitalization of C$31.69 million, a PE ratio of -14.49 and a beta of 2.75. The firm has a 50-day moving average of C$1.12 and a two-hundred day moving average of C$0.77.
Insider Buying and Selling
In related news, Director Antanas (Tony) Guoga acquired 50,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of C$1.01 per share, with a total value of C$50,720.00. Corporate 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.
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