DMG Blockchain Solutions (CVE:DMGI) Shares Up 6.3% – Time to Buy?

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report) traded up 6.3% during mid-day trading on Friday . The stock traded as high as C$0.26 and last traded at C$0.26. 864,803 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 488,265 shares. The stock had previously closed at C$0.24.

DMG Blockchain Solutions Price Performance

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 business has a 50-day simple moving average of C$0.38 and a 200 day simple moving average of C$0.33. The firm has a market cap of C$51.83 million, a P/E ratio of -3.19 and a beta of 4.65.

About DMG Blockchain Solutions

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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. 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.

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