Banxa (CVE:BNXA) Shares Up 2.7% – Here’s What Happened

Banxa Holdings Inc. (CVE:BNXA) shares rose 2.7% during mid-day trading on Thursday . The stock traded as high as C$0.75 and last traded at C$0.75. Approximately 13,500 shares traded hands during trading, a decline of 88% from the average daily volume of 108,864 shares. The stock had previously closed at C$0.73.

Banxa Stock Up 2.7 %

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 company has a 50 day simple moving average of C$0.79 and a two-hundred day simple moving average of C$0.82. The firm has a market capitalization of C$38.96 million, a P/E ratio of -17.81 and a beta of 2.75.

Insider Buying and Selling

In other news, Director Antanas (Tony) Guoga bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of C$1.01 per share, for a total transaction of C$50,720.00. 20.90% of the stock is 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.