Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shot up 10% during mid-day trading on Friday . The company traded as high as C$1.24 and last traded at C$1.21. 379,154 shares changed hands during trading, an increase of 130% from the average session volume of 165,100 shares. The stock had previously closed at C$1.10.
Banxa Trading Up 10.0 %
The company has a market capitalization of C$55.13 million, a P/E ratio of -6.05 and a beta of 2.75. The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64. The firm’s 50-day moving average price is C$0.91 and its 200 day moving average price is C$0.63.
Banxa Company Profile
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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