Banxa Holdings Inc. (CVE:BNXA – Get Free Report) fell 26.9% during mid-day trading on Tuesday . The company traded as low as C$0.55 and last traded at C$0.57. 258,547 shares changed hands during trading, an increase of 70% from the average session volume of 152,321 shares. The stock had previously closed at C$0.78.
Banxa Stock Performance
The firm has a market capitalization of C$31.69 million, a PE ratio of -14.49 and a beta of 2.75. The company has a debt-to-equity ratio of -209.35, a current ratio of 0.81 and a quick ratio of 2.36. The stock has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$0.77.
Insider Transactions at Banxa
In other news, Director Antanas (Tony) Guoga purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$1.01 per share, for a total transaction of C$50,720.00. Corporate insiders own 20.90% of the company’s stock.
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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