Banxa (CVE:BNXA) Shares Down 20.4% – What’s Next?

Shares of Banxa Holdings Inc. (CVE:BNXA) traded down 20.4% during trading on Monday . The stock traded as low as C$0.75 and last traded at C$0.78. 116,525 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 153,542 shares. The stock had previously closed at C$0.98.

Banxa Trading Down 20.4 %

The stock’s 50 day simple moving average is C$1.12 and its two-hundred day simple moving average is C$0.77. The stock has a market capitalization of C$40.52 million, a PE ratio of -18.52 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.

Insider Activity at Banxa

In other news, Director Antanas (Tony) Guoga purchased 456,800 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was bought at an average price of C$1.49 per share, for a total transaction of C$682,459.20. 20.90% of the stock is owned by company insiders.

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.