Richard Christensen Purchases 10,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CFO Richard Christensen bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $1.36 per share, with a total value of $13,600.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company's stock, valued at $13,600. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Golden Matrix Group Price Performance

GMGI stock traded up $0.08 during mid-day trading on Friday, hitting $1.87. The stock had a trading volume of 258,839 shares, compared to its average volume of 147,718. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a 52 week low of $1.33 and a 52 week high of $6.27. The firm has a market capitalization of $258.06 million, a P/E ratio of -37.30 and a beta of 0.41. The firm has a fifty day simple moving average of $1.86 and a 200 day simple moving average of $2.02.

Wall Street Analyst Weigh In

Separately, Maxim Group began coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They set a "buy" rating and a $4.00 target price for the company.

Institutional Investors Weigh In On Golden Matrix Group

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in shares of Golden Matrix Group by 390.5% in the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company's stock worth $211,000 after purchasing an additional 84,749 shares during the period. Geode Capital Management LLC lifted its position in shares of Golden Matrix Group by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock worth $1,235,000 after purchasing an additional 78,427 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Golden Matrix Group in the 4th quarter worth approximately $84,000. JPMorgan Chase & Co. lifted its position in shares of Golden Matrix Group by 460.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock worth $101,000 after purchasing an additional 41,752 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Golden Matrix Group in the 1st quarter worth approximately $52,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.