Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shot up 30.1% during mid-day trading on Wednesday . The stock traded as high as C$1.61 and last traded at C$1.60. 622,219 shares were traded during trading, an increase of 226% from the average session volume of 190,581 shares. The stock had previously closed at C$1.23.
Banxa Stock Performance
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 company has a market capitalization of C$72.90 million, a PE ratio of -8.00 and a beta of 2.75. The stock has a 50-day simple moving average of C$0.96 and a 200 day simple moving average of C$0.67.
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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