Banxa Holdings Inc. (CVE:BNXA - Get Free Report) shot up 22.6% during trading on Friday . The company traded as high as C$1.41 and last traded at C$1.30. 458,200 shares traded hands during mid-day trading, an increase of 480% from the average session volume of 78,951 shares. The stock had previously closed at C$1.06.
Banxa Stock Up 16.0%
The business has a 50-day moving average price of C$0.81 and a 200-day moving average price of C$0.87. 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 company has a market capitalization of C$63.89 million, a price-to-earnings ratio of -29.21 and a beta of 2.75.
Banxa Company Profile
(
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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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