DMG Blockchain Solutions (CVE:DMGI) Shares Down 3.3% – Here’s Why

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) shares dropped 3.3% during mid-day trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 187,252 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 325,565 shares. The stock had previously closed at C$0.30.

DMG Blockchain Solutions Price Performance

The company has a current ratio of 2.17, a quick ratio of 1.19 and a debt-to-equity ratio of 16.56. The company has a market capitalization of C$57.99 million, a P/E ratio of -9.23 and a beta of 4.96. The company has a 50 day moving average price of C$0.25 and a 200 day moving average price of C$0.33.

About DMG Blockchain Solutions

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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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