DMG Blockchain Solutions (CVE:DMGI) Reaches New 1-Year Low – Should You Sell?

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) hit a new 52-week low on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 1319380 shares trading hands. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Price Performance

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 capitalization of C$57.97 million, a price-to-earnings ratio of -25.50 and a beta of 4.96. The company has a fifty day moving average price of C$0.40 and a two-hundred day moving average price of C$0.47.

Insider Transactions at DMG Blockchain Solutions

In other news, Director Sheldon Norman Bennett bought 99,461 shares of the stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of C$0.41 per share, with a total value of C$40,281.71. Insiders own 2.55% of the company’s stock.

DMG Blockchain Solutions Company Profile

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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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