Banxa Holdings Inc. (CVE:BNXA - Get Free Report) 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 traded hands during trading, an increase of 645% from the average session volume of 80,271 shares. The stock had previously closed at C$1.06.
Banxa Trading Up 13.2%
The firm's 50-day simple moving average is C$0.82 and its 200-day simple moving average is C$0.88. 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 market capitalization of C$62.33 million, a PE ratio of -28.50 and a beta of 2.75.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Banxa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banxa wasn't on the list.
While Banxa currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
