Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) dropped 36.4% during mid-day trading on Wednesday . 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 Trading Down 36.4 %
The stock has a fifty day moving average of C$0.71 and a two-hundred day moving average of C$0.56. The company has a market capitalization of C$34.17 million, a PE ratio of -3.75 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.
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.
See Also
- Five stocks we like better than Banxa
- Stock Analyst Ratings and Canadian Analyst Ratings
- Novo Nordisk: A New Boost for GLP-1 Sales on the Horizon
- Dividend Payout Ratio Calculator
- Why Now Is the Ultimate Time to Invest in Oil Stocks
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Q4’s Most Upgraded Stocks: Promising Buys for 2025
Receive News & Ratings for Banxa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banxa and related companies with MarketBeat.com's FREE daily email newsletter.
