Banxa (CVE:BNXA) Hits New 52-Week Low at $0.37

Banxa Holdings Inc. (CVE:BNXAGet Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as C$0.37 and last traded at C$0.40, with a volume of 11424 shares changing hands. The stock had previously closed at C$0.40.

Banxa Stock Down 12.5 %

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 business has a 50 day simple moving average of C$0.49 and a 200 day simple moving average of C$0.62. The company has a market capitalization of C$15.95 million, a price-to-earnings ratio of -2.00 and a beta of 2.83.

Banxa Company Profile

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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 end users to purchase cryptocurrency and NFT's using fiat currency. The company was founded in 2014 and is headquartered in Melbourne, Australia.

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