DMG Blockchain Solutions (CVE:DMGI) Hits New 1-Year Low – Here’s What Happened

Shares of DMG Blockchain Solutions Inc. (CVE:DMGI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.35, with a volume of 387258 shares trading hands. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Trading Down 2.0 %

The stock has a market cap of C$59.33 million, a price-to-earnings 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. The company has a 50 day moving average of C$0.47 and a 200-day moving average of C$0.49.

Insider Activity

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett bought 99,461 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of C$0.41 per share, for a total transaction 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.