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Anthony Brian Goodman, CEO and a ten percent owner of Golden Matrix Group, Inc. (NASDAQ:GMGI), sold 50,000 shares of common stock on September 2, 2025. The shares were sold at a weighted average price of $1.05, for a total transaction value of $52,500. The sale comes as GMGI shares have declined nearly 50% over the past six months, with the current stock price at $1.02. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.
The prices for the shares sold ranged from $0.98 to $1.26. Following the transaction, Goodman directly owns 8,404,079 shares of Golden Matrix Group, Inc.
Luxor Capital LLC, wholly-owned by Mr. Goodman, holds 7,470,483 shares.
In other recent news, Golden Matrix Group Inc. reported record revenue for August, reaching $17.8 million, which marks an 18% increase compared to the same period last year. The company also saw strong revenue in July, with $15.7 million, reflecting a 24% rise from July 2024. However, the second-quarter 2025 earnings report presented mixed results, with the company experiencing a net loss of $3.6 million, or $0.03 per share, which was greater than the anticipated loss of $0.0033 per share. Revenue for the quarter also fell short of expectations, totaling $43.25 million compared to the forecast of $46.38 million. These financial outcomes were part of a series of recent developments for the company.
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