DMG Blockchain Solutions (CVE:DMGI) Trading Down 7.8% – Time to Sell?

DMG Blockchain Solutions Inc. (CVE:DMGI) shares fell 7.8% during mid-day trading on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.24. 212,358 shares changed hands 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 Stock Performance

The stock has a market cap of C$50.26 million, a PE ratio of -4.90 and a beta of 2.47. 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 business has a 50 day moving average price of C$0.27 and a two-hundred day moving average price of C$0.33.

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.