DMG Blockchain Solutions (CVE:DMGI) Shares Down 9.1% – Here’s Why

DMG Blockchain Solutions Inc. (CVE:DMGI)’s stock price fell 9.1% during trading on Monday . The company traded as low as C$0.35 and last traded at C$0.35. 402,393 shares changed hands during trading, a decline of 36% from the average session volume of 627,917 shares. The stock had previously closed at C$0.39.

DMG Blockchain Solutions Stock Down 2.8 %

The company has a market cap of C$58.82 million, a P/E ratio of -25.50 and a beta of 4.96. The company’s 50-day moving average is C$0.46 and its two-hundred day moving average is C$0.49. The company has a debt-to-equity ratio of 15.06, a current ratio of 2.33 and a quick ratio of 1.19.

Insider Buying and Selling at DMG Blockchain Solutions

In related news, Director Sheldon Norman Bennett bought 99,461 shares of the stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of C$0.41 per share, for a total transaction of C$40,281.71. Company 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.