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Richard Christensen, Chief Financial Officer of Golden Matrix Group, Inc. (NASDAQ:GMGI), acquired 10,000 shares of the company’s common stock on November 6, 2025. This insider purchase comes as the stock has declined 65% over the past year, according to InvestingPro data.
The purchase was executed at a price of $0.99 per share, for a total transaction value of $9,900. The price range for the shares was between $0.98 and $0.99. This purchase price appears to be below the stock’s Fair Value based on InvestingPro analysis, despite the company not being profitable over the last twelve months with EPS of -$0.04. Following the transaction, Christensen directly owns 130,000 shares of Golden Matrix Group.Golden Matrix operates with a moderate debt level and shows a strong free cash flow yield. Discover more insights with InvestingPro, which offers 7 additional ProTips and a comprehensive Pro Research Report for GMGI.
In other recent news, Golden Matrix Group Inc. reported record revenue of $17.8 million for August, marking an 18% increase compared to the previous year. The company also recorded a strong performance in July with $15.7 million in revenue, a 24% increase from the same month in the prior year. However, the second-quarter 2025 earnings showed mixed results, with a net loss of $3.6 million, or $0.03 per share, which was below the forecasted loss of $0.0033 per share. Revenue for the quarter also fell short of expectations, totaling $43.25 million compared to the anticipated $46.38 million. In analyst coverage, Freedom Capital Markets initiated a Buy rating for Golden Matrix, setting a price target of $1.80. This rating suggests a potential upside of 80% for the company’s stock. These developments provide a varied outlook for Golden Matrix’s financial health and market performance.
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