Banxa (CVE:BNXA) Trading Down 0.8% - What's Next?

Key Points

• Banxa Holdings Inc. shares decreased by 0.8%, trading at C$1.24 with a total volume of 71,044 shares, down 10% from its average session volume.
• The company has a market capitalization of C$64.41 million and is characterized by a negative P/E ratio of -29.45 and a high beta of 2.75.
• Insider Domenico Carosa sold 40,400 shares at an average price of C$1.24, indicating significant insider trading activity as insiders hold 20.90% of the company's shares.

Banxa Holdings Inc. (CVE:BNXA - Get Free Report) dropped 0.8% during trading on Tuesday . The stock traded as low as C$1.23 and last traded at C$1.24. Approximately 71,044 shares traded hands during trading, a decline of 10% from the average daily volume of 78,923 shares. The stock had previously closed at C$1.25.

Banxa Stock Performance

The company has a debt-to-equity ratio of -209.35, a quick ratio of 2.36 and a current ratio of 0.81. The stock has a market cap of C$62.91 million, a P/E ratio of -11.50 and a beta of 2.41. The firm's 50 day moving average is C$1.21 and its 200 day moving average is C$0.92.

Insider Buying and Selling at Banxa

In related news, insider Domenico Carosa sold 40,400 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of C$1.24, for a total transaction of C$50,096.00. 20.90% of the stock is currently owned by company insiders.

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.