Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Acquires 25,000 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 25,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $2.35 per share, for a total transaction of $58,750.00. Following the purchase, the insider now owns 77,462,970 shares of the company’s stock, valued at $182,037,979.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Aleksandar Milovanovic also recently made the following trade(s):

• On Tuesday, October 29th, Aleksandar Milovanovic acquired 9,059 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.30 per share, for a total transaction of $20,835.70.

Golden Matrix Group Stock Performance

GMGI opened at $2.85 on Thursday. Golden Matrix Group, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $6.27. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $2.37 and its two-hundred day moving average price is $2.99.

Institutional Investors Weigh In On Golden Matrix Group

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Golden Matrix Group during the second quarter worth $91,000. XTX Topco Ltd acquired a new stake in Golden Matrix Group during the second quarter worth $30,000. Renaissance Technologies LLC boosted its stake in Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after buying an additional 114,900 shares in the last quarter. Rhumbline Advisers acquired a new stake in Golden Matrix Group during the second quarter worth $43,000. Finally, Bank of New York Mellon Corp acquired a new stake in Golden Matrix Group during the second quarter worth $120,000. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.