Banxa Holdings Up More Than 2% After Reporting "Positive" Operating Cashflow In February, and Flagging Improvement in March, April-March 2024-www.financetom.com

Banxa Holdings Up More Than 2% After Reporting "Positive" Operating Cashflow In February, and Flagging Improvement in March, April

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Banxa Holdings Up More Than 2% After Reporting "Positive" Operating Cashflow In February, and Flagging Improvement in March, April

Apr 9, 2024 7:50 AM

10:23 AM EDT, 04/09/2024 (MT Newswires) -- Banxa Holdings ( BNXAF ) was up more than 2% at last look on Tuesday after saying that it achieved "sustainable positive" operating cash flow in February and sees that improving in the coming months.

"It's encouraging to see that March and April are looking even better," said Banxa ( BNXAF ) Chairman and CEO Holger Arians. "I believe Banxa ( BNXAF ) is well positioned to scale profitably via our 300+ strong partner base, sales pipeline and evolution of our embedded crypto offering,"

Separately, the company said members of the leadership team, including Arians, and Zafer Qureshi, executive director and head of corporate affairs, have bought shares on the open market.

The shares traded 2.7% higher in Canada.

Price: 0.75, Change: +0.02, Percent Change: +2.74

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