Banxa Holdings Inc. (CVE:BNXA – Get Free Report) shot up 24% during trading on Friday . The company traded as high as C$0.95 and last traded at C$0.93. 187,452 shares were traded during trading, an increase of 499% from the average session volume of 31,319 shares. The stock had previously closed at C$0.75.
Banxa Stock Performance
The stock has a market cap of C$42.83 million, a P/E ratio of -4.70 and a beta of 2.75. 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 fifty day moving average of C$0.74 and a 200 day moving average of C$0.56.
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.
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