Banxa (CVE:BNXA) Stock Price Up 25.3% – Here’s What Happened

Banxa Holdings Inc. (CVE:BNXA)’s stock price shot up 25.3% during trading on Saturday . The company traded as high as C$0.95 and last traded at C$0.94. 469,852 shares traded hands during trading, an increase of 1,346% from the average session volume of 32,490 shares. The stock had previously closed at C$0.75.

Banxa Stock Up 25.3 %

The firm has a market cap of C$42.83 million, a PE ratio of -4.70 and a beta of 2.75. The company has a debt-to-equity ratio of 194.64, a quick ratio of 2.36 and a current ratio of 0.96. The company’s 50-day simple moving average is C$0.74 and its two-hundred day simple moving average is C$0.56.

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.