DMG Blockchain Solutions (CVE:DMGI) Reaches New 52-Week Low – Time to Sell?

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.34 and last traded at C$0.36, with a volume of 384569 shares. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Stock Performance

The company has a debt-to-equity ratio of 15.06, a quick ratio of 1.19 and a current ratio of 2.33. The company has a market capitalization of C$60.53 million, a P/E ratio of -25.50 and a beta of 4.96. The company’s fifty day simple moving average is C$0.44 and its 200-day simple moving average is C$0.48.

Insider Transactions at DMG Blockchain Solutions

In other news, Director Sheldon Norman Bennett bought 99,461 shares of DMG Blockchain Solutions stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of C$0.41 per share, for a total transaction of C$40,281.71. Corporate insiders own 2.55% of the company’s stock.

DMG Blockchain Solutions Company Profile

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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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