Banxa (CVE:BNXA) Trading Up 17.3% – Here’s What Happened

Banxa Holdings Inc. (CVE:BNXA)’s stock price shot up 17.3% during trading on Tuesday . The company traded as high as C$1.15 and last traded at C$1.15. 88,716 shares were traded during mid-day trading, an increase of 201% from the average session volume of 29,518 shares. The stock had previously closed at C$0.98.

Banxa Stock Down 36.4 %

The firm has a market cap of C$34.17 million, a price-to-earnings ratio of -3.75 and a beta of 2.75. The firm’s 50 day moving average price is C$0.72 and its two-hundred day moving average price is C$0.56. The company has a debt-to-equity ratio of 194.64, a current ratio of 0.96 and a quick ratio of 2.36.

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.