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Banxa (CVE:BNXA) Trading Down 0.9% - What's Next?

Banxa logo with Computer and Technology background

Banxa Holdings Inc. (CVE:BNXA - Get Free Report) shares were down 0.9% during mid-day trading on Monday . The stock traded as low as C$1.12 and last traded at C$1.12. Approximately 3,527 shares were traded during trading, a decline of 96% from the average daily volume of 79,442 shares. The stock had previously closed at C$1.13.

Banxa Stock 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 company has a market cap of C$64.41 million, a PE ratio of -29.45 and a beta of 2.75. The stock's 50-day simple moving average is C$1.04 and its 200 day simple moving average is C$0.93.

Insiders Place Their Bets

In other news, insider Domenico Carosa sold 40,400 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of C$1.24, for a total transaction of C$50,096.00. 20.90% of the stock is currently owned by company insiders.

About Banxa

(Get Free Report)

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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