Shares of Banxa Holdings Inc. (CVE:BNXA - Get Free Report) rose 13.2% during trading on Friday . The company traded as high as C$1.41 and last traded at C$1.20. Approximately 598,118 shares changed hands during trading, an increase of 645% from the average daily volume of 80,271 shares. The stock had previously closed at C$1.06.
Banxa Stock Up 13.2%
The firm's fifty day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.88. The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35. The company has a market capitalization of C$62.33 million, a price-to-earnings ratio of -28.50 and a beta of 2.75.
About Banxa
(
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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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