Banxa (CVE:BNXA) Shares Down 0.3% – Here’s What Happened

Banxa Holdings Inc. (CVE:BNXA) shares were down 0.3% on Thursday . The stock traded as low as C$1.54 and last traded at C$1.54. Approximately 89,018 shares were traded during trading, a decline of 70% from the average session volume of 295,323 shares. The stock had previously closed at C$1.55.

Banxa Trading Down 0.3%

The firm has a market cap of C$70.43 million, a price-to-earnings ratio of -7.72 and a beta of 1.63. The company has a debt-to-equity ratio of -144.04, a current ratio of 0.57 and a quick ratio of 2.35. The firm’s fifty day moving average is C$1.55 and its 200-day moving average is C$1.54.

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. Banxa Holdings Inc was founded in 2014 and is headquartered in Melbourne, Australia.