Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Sells $13,550.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Thomas Mcchesney sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2.71, for a total value of $13,550.00. Following the completion of the sale, the director now owns 234,397 shares of the company’s stock, valued at approximately $635,215.87. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Golden Matrix Group Stock Performance

Shares of Golden Matrix Group stock opened at $2.70 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $2.44 and a 200-day moving average of $2.90. Golden Matrix Group, Inc. has a 1-year low of $2.01 and a 1-year high of $6.27.

Hedge Funds Weigh In On Golden Matrix Group

A number of institutional investors have recently added to or reduced their stakes in GMGI. Virtu Financial LLC lifted its stake in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after acquiring an additional 8,408 shares during the last quarter. Barclays PLC raised its position in Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after purchasing an additional 22,420 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Golden Matrix Group by 6.3% during the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after purchasing an additional 32,182 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Golden Matrix Group during the second quarter worth about $91,000. Finally, XTX Topco Ltd acquired a new position in shares of Golden Matrix Group in the second quarter valued at approximately $30,000. 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.