Banxa Holdings Inc. (CVE:BNXA - Get Free Report)'s share price rose 13.2% on Saturday . The stock traded as high as C$1.41 and last traded at C$1.20. Approximately 598,118 shares traded hands during trading, an increase of 645% from the average daily volume of 80,271 shares. The stock had previously closed at C$1.06.
Banxa Stock Up 6.7%
The firm's 50 day moving average is C$0.83 and its two-hundred day moving average is C$0.88. The company has a current ratio of 0.81, a quick ratio of 2.36 and a debt-to-equity ratio of -209.35. The stock has a market cap of C$66.49 million, a price-to-earnings ratio of -30.40 and a beta of 2.75.
About Banxa
(
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.
Further Reading
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
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
