Banxa (CVE:BNXA) Trading Down 20.4% – Time to Sell?

Banxa Holdings Inc. (CVE:BNXA)’s share price was down 20.4% on Monday . The company traded as low as C$0.75 and last traded at C$0.78. Approximately 116,525 shares traded hands during trading, a decline of 24% from the average daily volume of 153,542 shares. The stock had previously closed at C$0.98.

Banxa Stock Down 20.4 %

The company has a market capitalization of C$40.52 million, a P/E ratio of -18.52 and a beta of 2.75. The company has a debt-to-equity ratio of -209.35, a current ratio of 0.81 and a quick ratio of 2.36. The company has a 50 day moving average of C$1.12 and a 200-day moving average of C$0.77.

Insider Transactions at Banxa

In related news, Director Antanas (Tony) Guoga acquired 50,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$1.01 per share, for a total transaction of C$50,720.00. Corporate insiders own 20.90% of the company’s stock.

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.