Banxa (CVE:BNXA) Stock Price Down 20.4% – What’s Next?

Shares of Banxa Holdings Inc. (CVE:BNXA) were down 20.4% on Tuesday . The company traded as low as C$0.75 and last traded at C$0.78. Approximately 116,525 shares traded hands during trading, a decline of 24% from the average daily volume of 153,542 shares. The stock had previously closed at C$0.98.

Banxa Trading Up 11.5 %

The company has a 50-day simple moving average of C$1.11 and a 200-day simple moving average of C$0.77. The company has a debt-to-equity ratio of -209.35, a quick ratio of 2.36 and a current ratio of 0.81. The stock has a market cap of C$35.32 million, a P/E ratio of -16.15 and a beta of 2.75.

Insider Buying and Selling

In other news, Director Antanas (Tony) Guoga purchased 456,800 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average price of C$1.49 per share, with a total value of C$682,459.20. 20.90% of the stock is currently owned by corporate insiders.

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.