DMG Blockchain Solutions (CVE:DMGI) Hits New 52-Week Low – What’s Next?

Shares of DMG Blockchain Solutions Inc. (CVE:DMGI) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38, with a volume of 1816184 shares traded. The stock had previously closed at C$0.41.

DMG Blockchain Solutions Stock Down 7.3 %

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

Insider Transactions at DMG Blockchain Solutions

In other 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 cost of C$0.41 per share, with a total value of C$40,281.71. Corporate insiders own 2.55% of the company’s stock.

About DMG Blockchain Solutions

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.