Banxa Holdings Inc. (CVE:BNXA – Get Free Report)’s stock price fell 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 trading, a decline of 24% from the average session volume of 153,471 shares. The stock had previously closed at C$0.98.
Banxa Stock Down 20.4 %
The company has a market cap of C$40.52 million, a price-to-earnings ratio of -18.52 and a beta of 2.75. The firm’s 50 day simple moving average is C$1.12 and its 200-day simple moving average is C$0.77. 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
In other Banxa news, Director Antanas (Tony) Guoga acquired 456,800 shares of the company’s stock in a transaction on Friday, February 14th. The shares were bought at an average cost of C$1.49 per share, for a total transaction of C$682,459.20. Corporate insiders own 20.90% of the company’s stock.
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.
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