Insider Selling: Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Sells 5,000 Shares of Stock

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

Golden Matrix Group Stock Performance

Shares of GMGI opened at $2.70 on Monday. Golden Matrix Group, Inc. has a 1 year low of $2.01 and a 1 year high of $6.27. The company’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $2.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Virtu Financial LLC increased its stake in shares of Golden Matrix Group by 56.0% during 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. XTX Topco Ltd purchased a new stake in Golden Matrix Group in the second quarter valued at approximately $30,000. Rhumbline Advisers acquired a new position in Golden Matrix Group during the second quarter worth approximately $43,000. Barclays PLC raised its stake in Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after purchasing an additional 22,420 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Golden Matrix Group by 6.3% in the 3rd 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 during the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.