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

Shares of DMG Blockchain Solutions Inc. (CVE:DMGI) were down 7.8% during mid-day trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 212,358 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 578,126 shares. The stock had previously closed at C$0.26.

DMG Blockchain Solutions Stock Performance

The business has a 50-day moving average of C$0.27 and a 200 day moving average of C$0.33. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19. The company has a market cap of C$48.21 million, a PE ratio of -4.70 and a beta of 2.47.

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. 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.