DMG Blockchain Solutions (CVE:DMGI) Shares Down 7.8% – Here’s What Happened

DMG Blockchain Solutions Inc. (CVE:DMGI)’s share price fell 7.8% on Wednesday . The company traded as low as C$0.24 and last traded at C$0.24. 212,358 shares were traded during trading, a decline of 63% from the average session volume of 578,126 shares. The stock had previously closed at C$0.26.

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 business’s fifty day moving average is C$0.27 and its 200 day moving average is C$0.33. The company has a market cap of C$48.21 million, a P/E ratio of -4.70 and a beta of 2.47.

DMG Blockchain Solutions Company Profile

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. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.