DMG Blockchain Solutions (CVE:DMGI) Shares Down 7.6% – Here’s What Happened

Shares of DMG Blockchain Solutions Inc. (CVE:DMGI) traded down 7.6% during trading on Monday . The stock traded as low as C$0.30 and last traded at C$0.31. 193,086 shares changed hands during trading, a decline of 75% from the average session volume of 764,377 shares. The stock had previously closed at C$0.33.

DMG Blockchain Solutions Stock Down 2.3%

The business’s fifty day moving average price is C$0.28 and its two-hundred day moving average price is C$0.34. The company has a debt-to-equity ratio of 16.56, a quick ratio of 1.19 and a current ratio of 2.17. The firm has a market capitalization of C$60.11 million, a P/E ratio of -5.86 and a beta of 4.30.

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.