Banxa (CVE:BNXA) Trading Up 25.3% – What’s Next?

by · The Markets Daily

Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s share price shot up 25.3% during trading on Friday . The company traded as high as C$0.95 and last traded at C$0.94. 471,852 shares traded hands during trading, an increase of 1,352% from the average session volume of 32,498 shares. The stock had previously closed at C$0.75.

Banxa Price Performance

The company’s 50 day moving average price is C$0.72 and its 200 day moving average price is C$0.56. The company has a market cap of C$42.83 million, a price-to-earnings ratio of -4.70 and a beta of 2.75. The company has a current ratio of 0.96, a quick ratio of 2.36 and a debt-to-equity ratio of 194.64.

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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