DMG Blockchain Solutions (CVE:DMGI) Hits New 52-Week Low – Here’s Why

Shares of DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 1816184 shares traded. The stock had previously closed at C$0.41.

DMG Blockchain Solutions Stock Performance

The firm has a market capitalization of C$67.35 million, a P/E ratio of -25.50 and a beta of 4.96. The stock has a fifty day moving average of C$0.48 and a 200-day moving average of C$0.50. The company has a quick ratio of 1.19, a current ratio of 2.33 and a debt-to-equity ratio of 15.06.

Insider Activity

In related news, Director Sheldon Norman Bennett purchased 99,461 shares of DMG Blockchain Solutions stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of C$0.41 per share, with a total value of C$40,281.71. 2.55% of the stock is owned by corporate 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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