DMG Blockchain Solutions (CVE:DMGI) Hits New 52-Week Low – What’s Next?

DMG Blockchain Solutions Inc. (CVE:DMGI)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 1816184 shares trading hands. The stock had previously closed at C$0.41.

DMG Blockchain Solutions Trading Down 7.3 %

The firm has a market capitalization of C$64.79 million, a PE ratio of -25.50 and a beta of 4.96. The business has a fifty day moving average price of C$0.48 and a two-hundred day moving average price of C$0.50. The company has a current ratio of 2.33, a quick ratio of 1.19 and a debt-to-equity ratio of 15.06.

Insider Activity

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett purchased 99,461 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of C$0.41 per share, for a total transaction of C$40,281.71. Insiders own 2.55% of the company’s stock.

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.