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

DMG Blockchain Solutions Inc. (CVE:DMGI)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.30 and last traded at C$0.31, with a volume of 173842 shares trading hands. The stock had previously closed at C$0.31.

DMG Blockchain Solutions Price Performance

The company has a 50 day moving average of C$0.35 and a 200 day moving average of C$0.44. 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 stock has a market capitalization of C$59.99 million, a price-to-earnings ratio of -9.54 and a beta of 4.96.

Insider Activity

In related news, Director Sheldon Norman Bennett bought 99,461 shares of the firm’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. In the last quarter, insiders purchased 133,066 shares of company stock worth $51,702. 2.55% of the stock is currently owned by company insiders.

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.