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

DMG Blockchain Solutions Inc. (CVE:DMGI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.30 and last traded at C$0.31, with a volume of 973745 shares trading hands. The stock had previously closed at C$0.35.

DMG Blockchain Solutions Stock 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 has a market capitalization of C$51.15 million, a P/E ratio of -25.50 and a beta of 4.96. The business’s fifty day simple moving average is C$0.40 and its 200-day simple moving average is C$0.47.

Insider Buying and Selling at DMG Blockchain Solutions

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett purchased 99,461 shares of the stock in a transaction dated Tuesday, November 26th. The stock was purchased 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 currently owned by insiders.

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.