Aleksandar Milovanovic Acquires 14,038 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic purchased 14,038 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of $2.69 per share, for a total transaction of $37,762.22. Following the completion of the transaction, the insider now directly owns 77,502,008 shares of the company's stock, valued at $208,480,401.52. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, October 31st, Aleksandar Milovanovic purchased 25,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $2.35 per share, with a total value of $58,750.00.
• On Tuesday, October 29th, Aleksandar Milovanovic bought 9,059 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $20,835.70.

Golden Matrix Group Stock Performance

Shares of GMGI stock traded down $0.06 during mid-day trading on Friday, hitting $2.73. The stock had a trading volume of 91,718 shares, compared to its average volume of 113,951. Golden Matrix Group, Inc. has a 12-month low of $2.01 and a 12-month high of $6.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.88. The firm's 50-day moving average is $2.38 and its two-hundred day moving average is $2.99.

Hedge Funds Weigh In On Golden Matrix Group

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Golden Matrix Group by 675.9% during the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company's stock worth $326,000 after purchasing an additional 114,900 shares during the period. Marshall Wace LLP purchased a new stake in Golden Matrix Group during the second quarter valued at about $91,000. XTX Topco Ltd bought a new stake in shares of Golden Matrix Group in the 2nd quarter valued at approximately $30,000. Rhumbline Advisers acquired a new position in Golden Matrix Group during the 2nd quarter valued at $43,000. Finally, Bank of New York Mellon Corp acquired a new position in Golden Matrix Group in 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.