Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CFO Richard Christensen purchased 20,000 shares of the business's stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $0.90 per share, for a total transaction of $18,000.00. Following the completion of the purchase, the chief financial officer directly owned 150,000 shares in the company, valued at $135,000. This represents a 15.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was bought at an average price of $0.99 per share, with a total value of $9,900.00.

* On Monday, November 3rd, Richard Christensen acquired 15,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.02 per share, for a total transaction of $15,300.00.

* On Tuesday, November 4th, Richard Christensen bought 10,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $0.99 per share, for a total transaction of $9,900.00.

* On Tuesday, September 2nd, Richard Christensen bought 20,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.04 per share, with a total value of $20,800.00.

* On Tuesday, August 26th, Richard Christensen bought 25,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.30 per share, with a total value of $32,500.00.

* On Tuesday, August 12th, Richard Christensen purchased 5,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.36 per share, for a total transaction of $6,800.00.

Golden Matrix Group Trading Up 10.9%

GMGI opened at $1.02 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 0.07. Golden Matrix Group, Inc. has a 52 week low of $0.87 and a 52 week high of $3.00. The business's 50 day moving average is $1.02 and its two-hundred day moving average is $1.42. The firm has a market cap of $144.06 million, a price-to-earnings ratio of -20.40 and a beta of 0.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Topline Capital Management LLC acquired a new stake in shares of Golden Matrix Group during the second quarter worth $90,000. Marshall Wace LLP acquired a new position in Golden Matrix Group in the 2nd quarter valued at $57,000. Nuveen LLC acquired a new position in Golden Matrix Group in the 1st quarter valued at $52,000. Finally, Marex Group plc purchased a new position in Golden Matrix Group during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 2.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Golden Matrix Group in a report on Tuesday, October 14th. UBS Group set a $1.80 price objective on shares of Golden Matrix Group in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Golden Matrix Group presently has an average rating of "Hold" and an average target price of $2.90.

Get Our Latest Stock Report on GMGI

About Golden Matrix Group (

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.

See Also

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].