DMG Blockchain Solutions Inc. Stock Drops 3.3% Amid Lower Trading Volume

DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report) saw its shares fall by 3. 3% during mid-day trading on Thursday. The stock traded as low as C$0. 29 and last traded at C$0. 29. Around 187, 252 shares were exchanged during this period, marking a 42% decrease from the average daily volume of 325, 565 shares. The stock had previously closed at C$0. 30. DMG Blockchain Solutions Price Performance The company currently holds a current ratio of 2. 17, a quick ratio of 1. 19, and a debt-to-equity ratio of 16. 56. Its market capitalization stands at C$57. 99 million, with a P/E ratio of -9. 23 and a beta of 4. 96. The 50-day moving average price is C$0. 25, while the 200-day moving average price is C$0. 33. About DMG Blockchain Solutions (Get Free Report) Operating in Canada, DMG Blockchain Solutions Inc.
is a blockchain and cryptocurrency company. It manages, operates, and develops digital solutions aimed at monetizing the blockchain ecosystem. The company also provides transaction verification, co-location hosting, data center optimization, and infrastructure consulting services. Featured Stories - Five stocks we like better than DMG Blockchain Solutions - Insider Buying Explained: What Investors Need to Know - Turbulence for Joby Shares: What's Behind the Recent Dip? - 5 discounted opportunities for dividend growth investors - Why Carnival Could Be the Ultimate Non-Tech Growth Stock - 10 Best Airline Stocks to Buy - Super Micro Computer Stock Clears New Path Higher on Saudi Orders This real-time news alert was created using narrative science technology and financial data from MarketBeat to deliver readers the fastest and most accurate reporting. The story was reviewed by MarketBeat’s editorial team before publication. For questions or comments about this story, please contact contact@marketbeat. com. Should You Invest $1, 000 in DMG Blockchain Solutions Right Now? Before investing in DMG Blockchain Solutions, consider this: MarketBeat monitors Wall Street’s highest-rated and best-performing research analysts and the stocks they recommend daily. It has identified five stocks that top analysts are quietly advising their clients to buy now, before the broader market takes notice—and DMG Blockchain Solutions was not included. Although DMG Blockchain Solutions currently has a Hold rating from analysts, leading analysts believe these five stocks present better buying opportunities.
Brief news summary
DMG Blockchain Solutions Inc. (CVE:DMGI), a Canadian blockchain and cryptocurrency company, saw its share price fall 3.3% on Thursday, closing at C$0.29 from C$0.30. Trading volume was about 187,252 shares, 42% below the average daily volume of 325,565. The company, valued at C$57.99 million, provides services like transaction verification, co-location hosting, data center optimization, and infrastructure consulting. Financial metrics reveal a high debt-to-equity ratio of 16.56, a current ratio of 2.17, and a quick ratio of 1.19, indicating liquidity with notable leverage. Its stock shows high volatility, with a beta of 4.96; the 50-day and 200-day moving averages are at C$0.25 and C$0.33, respectively. A negative P/E ratio of -9.23 reflects recent earnings challenges. Despite its active role in the blockchain sector, Wall Street analysts rate DMG Blockchain as Hold, suggesting other stocks may present better opportunities. This summary reflects the latest financial data and MarketBeat analysis.
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