DMG Blockchain Solutions (CVE:DMGI) Sets New 1-Year Low – Here’s Why

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) shares reached a new 52-week low on Friday . The company traded as low as C$0.34 and last traded at C$0.36, with a volume of 384569 shares changing hands. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Stock Performance

The business’s 50-day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.48. The company has a quick ratio of 1.19, a current ratio of 2.33 and a debt-to-equity ratio of 15.06. The firm has a market cap of C$60.53 million, a price-to-earnings ratio of -25.50 and a beta of 4.96.

Insider Activity at DMG Blockchain Solutions

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett bought 99,461 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of C$0.41 per share, for a total transaction of C$40,281.71. 2.55% of the stock is owned by company insiders.

About DMG Blockchain Solutions

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DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services.

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