DMG Blockchain Solutions (CVE:DMGI) Trading 30.2% Higher - What's Next?

Key Points

• DMG Blockchain Solutions experienced a significant stock price increase of 30.2% on Tuesday, trading at C$0.44, following a volume surge of 505% compared to its average daily trading volume.
• The company's market capitalization is approximately C$95.52 million, with a P/E ratio of -5.88, indicating it is currently operating at a loss.
• DMG Blockchain Solutions specializes in blockchain and cryptocurrency services, including transaction verification and infrastructure consulting, aiming to monetize the blockchain ecosystem.

DMG Blockchain Solutions Inc. (CVE:DMGI - )'s share price rose 30.2% during trading on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 2,001,994 shares changed hands 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 Stock Up 6.8%

The stock has a market capitalization of C$95.52 million, a P/E ratio of -5.88 and a beta of 3.67. The stock's 50 day simple moving average is C$0.30 and its 200 day simple moving average is C$0.27. The company has a current ratio of 2.17, a quick ratio of 1.19 and a debt-to-equity ratio of 16.56.

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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