Banxa Holdings Inc. (CVE:BNXA – Get Free Report) was up 22.7% on Friday . The stock traded as high as C$0.95 and last traded at C$0.92. Approximately 157,452 shares changed hands during trading, an increase of 405% from the average daily volume of 31,199 shares. The stock had previously closed at C$0.75.
Banxa Stock Up 24.0 %
The company has a market cap of C$42.37 million, a P/E ratio of -4.65 and a beta of 2.75. The company has a debt-to-equity ratio of 194.64, a current ratio of 0.96 and a quick ratio of 2.36. The business’s 50 day moving average price is C$0.72 and its 200-day moving average price is C$0.56.
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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