Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price fell 21.8% on Tuesday . The stock traded as low as C$0.55 and last traded at C$0.61. 356,647 shares changed hands during trading, an increase of 125% from the average session volume of 158,265 shares. The stock had previously closed at C$0.78.
Banxa Price Performance
The company has a market cap of C$31.69 million, a price-to-earnings ratio of -14.49 and a beta of 2.75. The company has a fifty day moving average price of C$1.12 and a two-hundred day moving average price of C$0.77. The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35.
Insider Transactions at Banxa
In related news, Director Antanas (Tony) Guoga purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of C$1.01 per share, with a total value of C$50,720.00. 20.90% of the stock is owned by insiders.
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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