DMG Blockchain Solutions (CVE:DMGI) Reaches New 12-Month Low – Here’s What Happened

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.34 and last traded at C$0.34, with a volume of 1319380 shares. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Stock Performance

The firm’s 50 day simple moving average is C$0.40 and its 200 day simple moving average is C$0.47. 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 firm has a market capitalization of C$57.97 million, a price-to-earnings ratio of -25.50 and a beta of 4.96.

Insider Buying and Selling at DMG Blockchain Solutions

In other news, Director Sheldon Norman Bennett purchased 99,461 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of C$0.41 per share, for a total transaction of C$40,281.71. 2.55% of the stock is currently owned by 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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