Banxa (CVE:BNXA) Stock Price Down 21.8% – What’s Next?

Shares of Banxa Holdings Inc. (CVE:BNXA) dropped 21.8% on Tuesday . The company traded as low as C$0.55 and last traded at C$0.61. Approximately 356,647 shares were traded during trading, an increase of 125% from the average daily volume of 158,265 shares. The stock had previously closed at C$0.78.

Banxa Trading Down 21.8 %

The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35. The business has a 50 day moving average of C$1.12 and a two-hundred day moving average of C$0.77. The firm has a market cap of C$31.69 million, a P/E ratio of -14.49 and a beta of 2.75.

Insider Buying and Selling at Banxa

In other news, Director Antanas (Tony) Guoga bought 456,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were bought at an average price of C$1.49 per share, with a total value of C$682,459.20. Corporate insiders own 20.90% of the company’s stock.

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.