Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the completion of the sale, the chief executive officer directly owned 8,854,079 shares of the company's stock, valued at approximately $15,494,638.25. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Golden Matrix Group Price Performance
NASDAQ GMGI traded down $0.05 during trading on Friday, reaching $1.72. The company's stock had a trading volume of 68,512 shares, compared to its average volume of 135,645. Golden Matrix Group, Inc. has a one year low of $1.33 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.74 and a quick ratio of 0.66. The stock has a market capitalization of $238.37 million, a PE ratio of -34.40 and a beta of 0.35. The firm has a fifty day moving average of $1.72 and a 200 day moving average of $1.91.
Institutional Trading of Golden Matrix Group
Several institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Golden Matrix Group during the first quarter worth $52,000. Squarepoint Ops LLC acquired a new position in Golden Matrix Group during the 4th quarter valued at about $84,000. Northern Trust Corp raised its stake in Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock valued at $335,000 after buying an additional 10,690 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Golden Matrix Group by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock worth $1,235,000 after acquiring an additional 78,427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $101,000 after acquiring an additional 41,752 shares in the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.
Golden Matrix Group Company Profile
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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.
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