Payfare (TSE:PAY) Shares Down 8%

Payfare Inc. (TSE:PAYGet Free Report)’s share price dropped 8% during trading on Monday . The stock traded as low as C$6.35 and last traded at C$6.40. Approximately 327,062 shares were traded during trading, an increase of 138% from the average daily volume of 137,687 shares. The stock had previously closed at C$6.96.

Payfare Stock Up 2.9 %

The firm’s 50-day moving average price is C$7.00 and its 200 day moving average price is C$5.95. The firm has a market cap of C$306.40 million, a P/E ratio of 26.71 and a beta of 1.97. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 0.03.

Payfare Company Profile

(Get Free Report)

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.

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