Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shares were up 24% on Friday . The company traded as high as C$0.95 and last traded at C$0.93. Approximately 436,352 shares traded hands during trading, an increase of 1,265% from the average daily volume of 31,961 shares. The stock had previously closed at C$0.75.
Banxa Price Performance
The company has a debt-to-equity ratio of 194.64, a quick ratio of 2.36 and a current ratio of 0.96. The firm’s fifty day moving average is C$0.74 and its two-hundred day moving average is C$0.56. The company has a market cap of C$42.83 million, a P/E ratio of -4.70 and a beta of 2.75.
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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