Banxa (CVE:BNXA) Shares Down 5.7%

Banxa Holdings Inc. (CVE:BNXA)’s stock price fell 5.7% during trading on Monday . The company traded as low as C$0.64 and last traded at C$0.66. 50,788 shares changed hands during trading, an increase of 86% from the average session volume of 27,348 shares. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their price objective on shares of Banxa from C$4.00 to C$1.00 in a report on Friday, January 5th.

Banxa Stock Down 5.7 %

The company has a current ratio of 0.86, a quick ratio of 2.36 and a debt-to-equity ratio of 194.64. The firm’s 50 day simple moving average is C$0.73 and its 200-day simple moving average is C$0.67. The stock has a market capitalization of C$30.07 million, a price-to-earnings ratio of -3.30 and a beta of 3.07.

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 end users to purchase cryptocurrency and NFT's using fiat currency. The company was founded in 2014 and is headquartered in Melbourne, Australia.