DMG Blockchain Solutions (CVE:DMGI) Trading Down 19.7% – What’s Next?

by · The Markets Daily

DMG Blockchain Solutions Inc. (CVE:DMGI – Get Free Report)’s share price dropped 19.7% during trading on Monday . The stock traded as low as C$0.26 and last traded at C$0.27. Approximately 1,711,598 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 464,671 shares. The stock had previously closed at C$0.33.

DMG Blockchain Solutions Stock Down 19.7%

The firm has a 50-day simple moving average of C$0.44 and a 200 day simple moving average of C$0.33. The stock has a market capitalization of C$53.86 million, a P/E ratio of -3.31 and a beta of 4.43. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19.

DMG Blockchain Solutions Company Profile

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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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