DMG Blockchain Solutions (CVE:DMGI) Shares Down 3.1% – Time to Sell?

DMG Blockchain Solutions Inc. (CVE:DMGI) shares dropped 3.1% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.32. Approximately 206,750 shares traded hands during trading, a decline of 57% from the average daily volume of 480,680 shares. The stock had previously closed at C$0.33.

DMG Blockchain Solutions Stock Performance

The company has a market cap of C$62.99 million, a PE ratio of -10.02 and a beta of 4.96. The stock has a 50 day simple moving average of C$0.36 and a two-hundred day simple moving average of C$0.44. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19.

Insider Activity

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett bought 99,461 shares of DMG Blockchain Solutions stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of C$0.41 per share, with a total value of C$40,281.71. Insiders have acquired 133,066 shares of company stock valued at $51,702 in the last ninety days. 2.55% of the stock is currently owned by company insiders.

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.