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DMG Blockchain Solutions (CVE:DMGI) Shares Down 3.7% - Here's Why

DMG Blockchain Solutions logo with Financial Services background

Key Points

  • Shares of DMG Blockchain Solutions Inc. (CVE:DMGI) fell by 3.7% during mid-day trading, with the stock last trading at C$0.26 after reaching a low of C$0.26.
  • The company reported an increase in trading volume with 509,064 shares traded, which is up 68% from the average daily volume of 303,053 shares.
  • DMG Blockchain Solutions operates in the blockchain and cryptocurrency sector, providing services such as transaction verification and data center optimization.
  • Five stocks we like better than DMG Blockchain Solutions.

DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report) shares traded down 3.7% during mid-day trading on Thursday . The company traded as low as C$0.26 and last traded at C$0.26. 509,064 shares changed hands during trading, an increase of 68% from the average session volume of 303,053 shares. The stock had previously closed at C$0.27.

DMG Blockchain Solutions Price Performance

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 stock's 50 day moving average price is C$0.28 and its 200-day moving average price is C$0.27. The stock has a market capitalization of C$53.86 million, a PE ratio of -3.31 and a beta of 3.67.

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.

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