DMG Blockchain Solutions (CVE:DMGI) Shares Down 1.9% - Should You Sell?

Key Points

• DMG Blockchain Solutions Inc. shares declined by 1.9% to C$0.26 during trading, with 292,412 shares changing hands—lower than the average volume of 303,401 shares.
• The company has a market cap of C$51.99 million and a significant debt-to-equity ratio of 16.56, along with a price-to-earnings ratio of -8.27.
• DMG Blockchain specializes in blockchain and cryptocurrency solutions, offering services such as transaction verification and data center optimization.

DMG Blockchain Solutions Inc. (CVE:DMGI - ) fell 1.9% during trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. 292,412 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 303,401 shares. The stock had previously closed at C$0.27.

DMG Blockchain Solutions Stock Performance

The stock has a 50 day moving average of C$0.28 and a 200 day moving average of C$0.28. The company has a quick ratio of 1.19, a current ratio of 2.17 and a debt-to-equity ratio of 16.56. The firm has a market cap of C$51.99 million, a price-to-earnings ratio of -8.27 and a beta of 4.96.

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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