Banxa (CVE:BNXA) Shares Down 36.4% – Here’s What Happened

Banxa Holdings Inc. (CVE:BNXAGet Free Report) shares traded down 36.4% during trading on Wednesday . The stock traded as low as C$0.75 and last traded at C$0.75. 167,442 shares traded hands during trading, an increase of 449% from the average session volume of 30,492 shares. The stock had previously closed at C$1.18.

Banxa Trading Down 36.4 %

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 stock has a market capitalization of C$34.17 million, a PE ratio of -3.75 and a beta of 2.75. The business’s 50-day moving average is C$0.71 and its two-hundred day moving average is C$0.56.

Banxa Company Profile

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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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