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DMG Blockchain Solutions (CVE:DMGI) Shares Down 9.1% - Here's What Happened

DMG Blockchain Solutions logo with Financial Services background

DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report)'s stock price was down 9.1% during mid-day trading on Monday . The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 402,393 shares traded hands during trading, a decline of 36% from the average daily volume of 627,917 shares. The stock had previously closed at C$0.39.

DMG Blockchain Solutions Trading Down 7.8 %

The business has a 50-day moving average of C$0.47 and a 200-day moving average of C$0.49. The company has a quick ratio of 1.19, a current ratio of 2.33 and a debt-to-equity ratio of 15.06. The stock has a market cap of C$60.53 million, a price-to-earnings ratio of -25.50 and a beta of 4.96.

Insider Transactions at DMG Blockchain Solutions

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett acquired 99,461 shares of DMG Blockchain Solutions stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average price of C$0.41 per share, with a total value of C$40,281.71. Company insiders own 2.55% of the company's stock.

About DMG Blockchain Solutions

(Get Free Report)

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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