Insider Selling: 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 stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2.71, for a total value of $13,550.00. Following the transaction, the director now directly 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 filing with the SEC, which is available at the SEC website.

Golden Matrix Group Trading Down 2.5 %

Shares of GMGI stock opened at $2.70 on Monday. The business’s fifty day moving average price is $2.44 and its 200 day moving average price is $2.87. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a 1-year low of $2.01 and a 1-year high of $6.27.

Institutional Investors Weigh In On Golden Matrix Group

Several institutional investors have recently made changes to their positions in GMGI. XTX Topco Ltd purchased a new position in shares of Golden Matrix Group in the second quarter valued at $30,000. Rhumbline Advisers purchased a new position in Golden Matrix Group during the 2nd quarter valued at about $43,000. Virtu Financial LLC raised its position in Golden Matrix Group by 56.0% during the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after acquiring an additional 8,408 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group in the second quarter valued at approximately $91,000. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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.