Anthony Brian Goodman Sells 50,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $1.63, for a total value of $81,500.00. Following the completion of the transaction, the chief executive officer directly owned 8,704,079 shares in the company, valued at approximately $14,187,648.77. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, July 14th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $1.74, for a total value of $87,000.00.
• On Monday, July 7th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $1.71, for a total value of $85,500.00.
• On Monday, June 30th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $1.75, for a total value of $87,500.00.

Golden Matrix Group Price Performance

GMGI stock traded down $0.04 during trading on Thursday, hitting $1.66. The company had a trading volume of 128,801 shares, compared to its average volume of 176,649. The company has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $1.89. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The company has a market cap of $230.06 million, a P/E ratio of -33.20 and a beta of 0.35. Golden Matrix Group, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.06.

Institutional Trading of Golden Matrix Group

Several institutional investors have recently bought and sold shares of GMGI. Bank of New York Mellon Corp boosted its stake in Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Northern Trust Corp raised its position in shares of Golden Matrix Group by 6.7% during the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock worth $335,000 after acquiring an additional 10,690 shares during the last quarter. Nuveen LLC bought a new stake in shares of Golden Matrix Group during the first quarter worth $52,000. JPMorgan Chase & Co. raised its position in shares of Golden Matrix Group by 460.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock worth $101,000 after acquiring an additional 41,752 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Golden Matrix Group during the fourth quarter worth $84,000. Institutional investors and hedge funds own 2.74% of the company's stock.

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.