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Banxa (CVE:BNXA) Trading Up 13.2% - Here's What Happened

Banxa logo with Computer and Technology background

Banxa Holdings Inc. (CVE:BNXA - Get Free Report)'s stock price traded up 13.2% during mid-day trading on Saturday . The stock traded as high as C$1.41 and last traded at C$1.20. 598,118 shares changed hands during mid-day trading, an increase of 645% from the average session volume of 80,271 shares. The stock had previously closed at C$1.06.

Banxa Stock Up 13.2%

The company has a quick ratio of 2.36, a current ratio of 0.81 and a debt-to-equity ratio of -209.35. The firm has a 50 day simple moving average of C$0.82 and a 200-day simple moving average of C$0.88. The stock has a market cap of C$62.33 million, a P/E ratio of -28.50 and a beta of 2.75.

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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