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Banxa (CVE:BNXA) Trading Up 15.2% - Still a Buy?

Banxa logo with Computer and Technology background

Banxa Holdings Inc. (CVE:BNXA - Get Free Report)'s share price rose 15.2% on Friday . The stock traded as high as C$1.09 and last traded at C$1.06. Approximately 118,450 shares were traded during trading, an increase of 56% from the average daily volume of 75,991 shares. The stock had previously closed at C$0.92.

Banxa Trading Up 6.7%

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 firm has a market cap of C$66.49 million, a price-to-earnings ratio of -30.40 and a beta of 2.75. The business's 50-day moving average price is C$0.82 and its two-hundred day moving average price is C$0.88.

Banxa Company Profile

(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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