Banxa (CVE:BNXA) Stock Price Up 28.3% - Time to Buy?

Banxa Holdings Inc. (CVE:BNXA - Get Free Report)'s stock price traded up 28.3% on Friday . The stock traded as high as C$1.41 and last traded at C$1.36. 416,900 shares were traded during trading, an increase of 430% from the average session volume of 78,612 shares. The stock had previously closed at C$1.06.

Banxa Trading Up 22.6%

The stock has a market cap of C$67.53 million, a PE ratio of -30.87 and a beta of 2.75. The firm 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 debt-to-equity ratio of -209.35, a quick ratio of 2.36 and a current ratio of 0.81.

Banxa Company Profile

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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