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Richard Christensen, Chief Financial Officer of Golden Matrix Group, Inc. (NASDAQ:GMGI), acquired 30,000 shares of common stock on August 11, 2025. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $1.31, having declined about 14% in the past week. The purchases were made at prices ranging from $1.36 to $1.42, totaling $41,700.
Following the transaction, Christensen directly owns 40,000 shares of Golden Matrix Group, Inc.
In other recent news, Golden Matrix Group Inc. reported its second-quarter 2025 earnings with mixed results. The company posted a net loss of $3.6 million, or $0.03 per share, which was greater than the forecasted loss of $0.0033 per share. Revenue also fell short of expectations, totaling $43.25 million compared to the anticipated $46.38 million. These results reflect a challenging quarter for Golden Matrix as both earnings and revenue missed analyst projections. The financial performance indicates areas of concern for investors, particularly in meeting revenue targets. The company’s stock price was notably affected, though specific movements are not detailed here. These developments highlight the importance of monitoring future earnings reports and any strategic adjustments by Golden Matrix Group Inc.
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