Banxa (CVE:BNXA) Stock Price Up 25.3% – Should You Buy?

Banxa Holdings Inc. (CVE:BNXAGet Free Report) traded up 25.3% on Saturday . The company traded as high as C$0.95 and last traded at C$0.94. 469,852 shares changed hands during trading, an increase of 1,346% from the average session volume of 32,490 shares. The stock had previously closed at C$0.75.

Banxa Stock Up 25.3 %

The firm’s fifty day moving average is C$0.74 and its two-hundred day moving average is C$0.56. The firm has a market cap of C$42.83 million, a price-to-earnings 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.

About Banxa

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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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