Banxa (CVE:BNXA) Shares Down 5.1% – What’s Next?

Shares of Banxa Holdings Inc. (CVE:BNXAGet Free Report) fell 5.1% during trading on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.75. 28,746 shares were traded during trading, a decline of 2% from the average session volume of 29,352 shares. The stock had previously closed at C$0.79.

Banxa Stock Performance

The company has a current ratio of 0.96, a quick ratio of 2.36 and a debt-to-equity ratio of 194.64. The firm has a market capitalization of C$34.17 million, a P/E ratio of -3.75 and a beta of 2.75. The business’s 50 day simple moving average is C$0.65 and its two-hundred day simple moving average is C$0.55.

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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