Banxa (CVE:BNXA) Stock Price Down 36.4% – Here’s What Happened

by · The Markets Daily

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

Banxa Price Performance

The company has a debt-to-equity ratio of 194.64, a current ratio of 0.96 and a quick ratio of 2.36. The stock has a fifty day simple moving average of C$0.74 and a 200-day simple moving average of C$0.56. The company has a market capitalization of C$42.83 million, a price-to-earnings ratio of -4.70 and a beta of 2.75.

About Banxa

(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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