DMG Blockchain Solutions (CVE:DMGI) Stock Price Up 30.2% - Should You Buy?

Key Points

• DMG Blockchain Solutions' stock price surged by 30.2% on Tuesday, closing at C$0.44, following a trading volume increase of 505% compared to its average daily volume.
• The company has a market capitalization of C$95.52 million, a PE ratio of -5.88, and a debt-to-equity ratio of 16.56.
• DMG Blockchain Solutions operates in the blockchain and cryptocurrency sector, offering services such as transaction verification and data center optimization.

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

DMG Blockchain Solutions Price Performance

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 firm has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.27. The firm has a market cap of C$95.52 million, a PE ratio of -5.88 and a beta of 3.67.

About DMG Blockchain Solutions

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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