Free Trial

DMG Blockchain Solutions (CVE:DMGI) Shares Up 11.9% - What's Next?

DMG Blockchain Solutions logo with Financial Services background

Key Points

  • DMG Blockchain Solutions Inc. (CVE:DMGI) saw its shares increase by 11.9% to C$0.38 on Thursday, with a notable rise in trading volume.
  • The company has a market capitalization of C$75.20 million and a debt-to-equity ratio of 16.56, indicating a leveraged financial structure.
  • DMG Blockchain operates in the blockchain and cryptocurrency sector, offering services including transaction verification and data center optimization.
  • Interested in DMG Blockchain Solutions? Here are five stocks we like better.

DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report) shot up 11.9% on Thursday . The company traded as high as C$0.38 and last traded at C$0.38. 466,070 shares were traded during mid-day trading, an increase of 50% from the average session volume of 311,616 shares. The stock had previously closed at C$0.34.

DMG Blockchain Solutions Price Performance

The stock has a market cap of C$73.17 million, a PE ratio of -4.50 and a beta of 3.67. The company has a debt-to-equity ratio of 16.56, a quick ratio of 1.19 and a current ratio of 2.17. The business has a 50 day moving average price of C$0.29 and a two-hundred day moving average price of C$0.27.

DMG Blockchain Solutions Company Profile

(Get Free Report)

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.

See Also

Should You Invest $1,000 in DMG Blockchain Solutions Right Now?

Before you consider DMG Blockchain Solutions, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DMG Blockchain Solutions wasn't on the list.

While DMG Blockchain Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.