Banxa (CVE:BNXA) Stock Price Down 0.3% – Should You Sell?

Shares of Banxa Holdings Inc. (CVE:BNXA) traded down 0.3% during trading on Monday . The stock traded as low as C$1.54 and last traded at C$1.55. 89,018 shares changed hands during trading, a decline of 70% from the average session volume of 295,323 shares. The stock had previously closed at C$1.55.

Banxa Stock Down 0.3%

The firm has a market capitalization of C$70.43 million, a P/E ratio of -7.73 and a beta of 1.63. The company has a debt-to-equity ratio of -144.04, a quick ratio of 2.36 and a current ratio of 0.57. The business’s fifty day moving average price is C$1.55 and its two-hundred day moving average price is C$1.37.

About Banxa

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. Banxa Holdings Inc was founded in 2014 and is headquartered in Melbourne, Australia.