Golden Matrix Group (NASDAQ:GMGI) CFO Richard Christensen Buys 20,000 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI) CFO Richard Christensen purchased 20,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $18,000.00. Following the purchase, the chief financial officer directly owned 150,000 shares in the company, valued at approximately $135,000. This trade represents a 15.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Richard Christensen also recently made the following trade(s):

• On Thursday, November 6th, Richard Christensen acquired 10,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $0.99 per share, with a total value of $9,900.00.
• On Monday, November 3rd, Richard Christensen purchased 15,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.02 per share, with a total value of $15,300.00.
• On Tuesday, November 4th, Richard Christensen purchased 10,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $0.99 per share, with a total value of $9,900.00.
• On Tuesday, September 2nd, Richard Christensen acquired 20,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.04 per share, for a total transaction of $20,800.00.
• On Tuesday, August 26th, Richard Christensen acquired 25,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.30 per share, for a total transaction of $32,500.00.
• On Tuesday, August 12th, Richard Christensen purchased 5,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.36 per share, for a total transaction of $6,800.00.

Golden Matrix Group Stock Up 2.2%

GMGI opened at $0.94 on Monday. The stock has a fifty day moving average of $1.03 and a 200-day moving average of $1.42. Golden Matrix Group, Inc. has a fifty-two week low of $0.87 and a fifty-two week high of $3.00. The company has a market capitalization of $132.77 million, a P/E ratio of -18.62 and a beta of 0.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.61.

Analyst Ratings Changes

GMGI has been the subject of a number of research analyst reports. UBS Group set a $1.80 price objective on shares of Golden Matrix Group in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Golden Matrix Group in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.90.

Institutional Trading of Golden Matrix Group

Large investors have recently bought and sold shares of the stock. Marex Group plc purchased a new position in Golden Matrix Group in the 2nd quarter worth $26,000. Nuveen LLC purchased a new stake in Golden Matrix Group in the first quarter valued at approximately $52,000. Marshall Wace LLP purchased a new position in Golden Matrix Group during the 2nd quarter worth approximately $57,000. Finally, Topline Capital Management LLC acquired a new stake in Golden Matrix Group during the 2nd quarter valued at approximately $90,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.