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Insider Selling: Golden Matrix Group, Inc. (NASDAQ:GMGI) COO Sells 15,727 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) COO Weiting Feng sold 15,727 shares of the firm's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $4.00, for a total value of $62,908.00. Following the transaction, the chief operating officer now directly owns 2,837,688 shares of the company's stock, valued at approximately $11,350,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Golden Matrix Group Stock Down 8.9 %

Shares of NASDAQ:GMGI traded down $0.35 during midday trading on Tuesday, reaching $3.59. The company's stock had a trading volume of 85,528 shares, compared to its average volume of 65,774. The firm has a market cap of $131.47 million, a price-to-earnings ratio of -179.50 and a beta of 0.53. Golden Matrix Group, Inc. has a 1 year low of $1.95 and a 1 year high of $4.19. The business has a 50 day moving average price of $3.04 and a 200 day moving average price of $2.71.

About Golden Matrix Group

(Get Free Report)

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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