Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report)'s stock price traded down 2.9% during mid-day trading on Monday . The stock traded as low as $1.98 and last traded at $2.00. 124,399 shares traded hands during trading, an increase of 8% from the average session volume of 115,334 shares. The stock had previously closed at $2.06.
Golden Matrix Group Price Performance
The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. The stock has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.50.
Insider Buying and Selling at Golden Matrix Group
In other news, insider Aleksandar Milovanovic purchased 14,038 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $2.69 per share, with a total value of $37,762.22. Following the completion of the acquisition, the insider now owns 77,502,008 shares in the company, valued at $208,480,401.52. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 49,596 shares of company stock valued at $121,380 in the last quarter. 23.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Golden Matrix Group
Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its stake in Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company's stock worth $55,000 after buying an additional 8,408 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Golden Matrix Group during the 2nd quarter worth $30,000. Rhumbline Advisers bought a new stake in shares of Golden Matrix Group during the 2nd quarter worth $43,000. Barclays PLC grew 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 worth $67,000 after acquiring an additional 22,420 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Golden Matrix Group by 6.3% in the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company's stock valued at $1,270,000 after acquiring an additional 32,182 shares during the last quarter. Institutional investors own 2.74% of the company's stock.
About Golden Matrix Group
(
Get Free Report)
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.
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