DMG Blockchain Solutions (CVE:DMGI) Reaches New 12-Month High - Should You Buy?

Key Points

• DMG Blockchain Solutions Inc. reached a new 52-week high stock price of C$0.64, reflecting significant trading volume of 2,927,816 shares.
• The company's market capitalization stands at C$113.82 million, with a price-to-earnings ratio of -7.00, suggesting potential risks in its financial performance.
• DMG Blockchain Solutions operates in the blockchain and cryptocurrency sector, offering services such as transaction verification and data center optimization to monetize the blockchain ecosystem.

DMG Blockchain Solutions Inc. (CVE:DMGI - )'s stock price hit a new 52-week high on Friday . The company traded as high as C$0.64 and last traded at C$0.56, with a volume of 2927816 shares changing hands. The stock had previously closed at C$0.56.

DMG Blockchain Solutions Stock Performance

The firm has a market cap of C$113.82 million, a price-to-earnings ratio of -7.00 and a beta of 4.26. The stock's fifty day moving average is C$0.33 and its two-hundred day moving average is C$0.29. The company has a debt-to-equity ratio of 16.56, a quick ratio of 1.19 and a current ratio of 2.17.

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.

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