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

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

Banxa Stock Performance

The stock has a 50-day simple moving average of C$1.55 and a 200-day simple moving average of C$1.47. The company has a market capitalization of C$70.43 million, a price-to-earnings ratio of -7.73 and a beta of 1.63. The company has a current ratio of 0.57, a quick ratio of 2.36 and a debt-to-equity ratio of -144.04.

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