DMG Blockchain Solutions (CVE:DMGI) Shares Up 30.2% - Here's What Happened

Key Points

• DMG Blockchain Solutions Inc.'s shares rose by 30.2% during mid-day trading, reaching a price of C$0.44.
• The trading volume increased significantly, with 2,001,994 shares changing hands, marking a 505% increase from the average session volume.
• The company has a market cap of C$89.43 million and operates within the blockchain and cryptocurrency sector in Canada.

DMG Blockchain Solutions Inc. (CVE:DMGI - )'s share price traded up 30.2% during mid-day trading on Monday . The stock traded as high as C$0.44 and last traded at C$0.44. 2,001,994 shares traded hands during trading, an increase of 505% from the average session volume of 330,739 shares. The stock had previously closed at C$0.34.

DMG Blockchain Solutions Price Performance

The company has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.27. The firm has a market cap of C$89.43 million, a P/E ratio of -5.50 and a beta of 3.67. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.