Banxa (CVE:BNXA) Trading Down 36.4% – Should You Sell?

by · The Cerbat Gem

Banxa Holdings Inc. (CVE:BNXA – Get Free Report) traded down 36.4% during trading on Thursday . The stock traded as low as C$0.74 and last traded at C$0.75. 171,042 shares were traded during mid-day trading, an increase of 458% from the average session volume of 30,675 shares. The stock had previously closed at C$1.18.

Banxa Stock Performance

The company’s 50-day moving average price is C$0.74 and its 200 day moving average price is C$0.56. The stock has a market capitalization of C$42.83 million, a PE ratio of -4.70 and a beta of 2.75. The company has a debt-to-equity ratio of 194.64, a quick ratio of 2.36 and a current ratio of 0.96.

Banxa Company Profile

(Get Free Report)

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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