DMG Blockchain Solutions (CVE:DMGI) Hits New 52-Week Low – Should You Sell?

Shares of DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 391526 shares changing hands. The stock had previously closed at C$0.37.

DMG Blockchain Solutions Stock Up 2.7 %

The stock has a 50 day moving average price of C$0.48 and a 200 day moving average price of C$0.50. The company has a market cap of C$64.79 million, a P/E ratio of -25.50 and a beta of 4.96. The company has a debt-to-equity ratio of 15.06, a quick ratio of 1.19 and a current ratio of 2.33.

Insider Buying and Selling at DMG Blockchain Solutions

In related news, Director Sheldon Norman Bennett purchased 99,461 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average price 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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