DMG Blockchain Solutions (CVE:DMGI) Stock Price Up 30.2% - Should You Buy?
DMG Blockchain Solutions (CVE:DMGI) saw its stock price rise by 30.2% to C$0.44, with trading volume increasing by 505% compared to the average. The company has a market cap of C$95.52 million and operates in the blockchain and cryptocurrency sector. Despite the recent price surge, analysts maintain a Hold rating on the stock, suggesting that there are better investment opportunities available.
DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report)'s share price rose 30.2% during trading on Tuesday . The company traded as high as C$0.44 and last traded at C$0.44. Approximately 2,001,994 shares were traded during trading, an increase of 505% from the average daily volume of 330,739 shares. The stock had previously closed at C$0.34.
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 firm has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.27. The firm has a market cap of C$95.52 million, a PE ratio of -5.88 and a beta of 3.67.
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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