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

DMG Blockchain Solutions Inc. (CVE:DMGI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38, with a volume of 391526 shares. The stock had previously closed at C$0.37.

DMG Blockchain Solutions Price Performance

The company has a debt-to-equity ratio of 15.06, a quick ratio of 1.19 and a current ratio of 2.33. The company’s fifty day moving average price is C$0.48 and its 200 day moving average price is C$0.50. The firm has a market capitalization of C$64.79 million, a price-to-earnings ratio of -25.50 and a beta of 4.96.

Insider Transactions at DMG Blockchain Solutions

In other news, Director Sheldon Norman Bennett bought 99,461 shares of DMG Blockchain Solutions stock in a transaction 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. Insiders own 2.55% of the company’s stock.

DMG Blockchain Solutions Company Profile

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.