Banxa (CVE:BNXA) Trading Down 36.4% – Should You Sell?

Banxa Holdings Inc. (CVE:BNXA)’s share price fell 36.4% on Thursday . The company traded as low as C$0.74 and last traded at C$0.75. 171,042 shares changed hands during trading, an increase of 458% from the average session volume of 30,675 shares. The stock had previously closed at C$1.18.

Banxa Stock Up 25.3 %

The firm has a market cap of C$42.83 million, a price-to-earnings ratio of -4.70 and a beta of 2.75. The firm has a fifty day moving average price of C$0.74 and a 200-day moving average price of C$0.56. The company has a quick ratio of 2.36, a current ratio of 0.96 and a debt-to-equity ratio of 194.64.

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.