Shares of Banxa Holdings Inc. (CVE:BNXA – Get Free Report) fell 21.8% during trading on Tuesday . The stock traded as low as C$0.55 and last traded at C$0.61. 356,647 shares traded hands during mid-day trading, an increase of 127% from the average session volume of 157,079 shares. The stock had previously closed at C$0.78.
Banxa Price Performance
The company has a debt-to-equity ratio of -209.35, a quick ratio of 2.36 and a current ratio of 0.81. The stock’s 50-day moving average is C$1.12 and its two-hundred day moving average is C$0.77. The stock has a market cap of C$31.69 million, a PE ratio of -14.49 and a beta of 2.75.
Insider Transactions at Banxa
In other Banxa news, Director Antanas (Tony) Guoga purchased 50,000 shares of Banxa stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of C$1.01 per share, with a total value of C$50,720.00. Company 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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