In a filing, Golden Matrix Group Inc revealed its Member of 10% Reporting Group Milovanovic Aleksandar acquired Company’s shares for reported $0.11 million on Mar 14 ’25. In the deal valued at $2.17 per share,50,000 shares were bought. As a result of this transaction, Milovanovic Aleksandar now holds 79,264,552 shares worth roughly $156.94 million.
Then, Milovanovic Aleksandar bought 50,000 shares, generating $108,000 in total proceeds. Upon buying the shares at $2.16, the Member of 10% Reporting Group now owns 79,214,552 shares.
Before that, Milovanovic Aleksandar bought 2,514 shares. Golden Matrix Group Inc shares valued at $4,953 were divested by the Member of 10% Reporting Group at a price of $1.97 per share. As a result of the transaction, Milovanovic Aleksandar now holds 79,164,552 shares, worth roughly $156.75 million.
Maxim Group initiated its Golden Matrix Group Inc [GMGI] rating to a Buy in a research note published on February 21, 2025; the price target was $4.
Price Performance Review of GMGI
On Friday, Golden Matrix Group Inc [NASDAQ:GMGI] saw its stock fall -4.35% to $1.98. Over the last five days, the stock has lost -5.26%. Nevertheless, the stocks have fallen -41.76% over the past one year. While a 52-week high of $6.27 was reached on 01/14/25, a 52-week low of $1.70 was recorded on 01/31/25. SMA at 50 days reached $2.0163, while 200 days put it at $2.3368.
Levels Of Support And Resistance For GMGI Stock
The 24-hour chart illustrates a support level at 1.8683, which if violated will result in even more drops to 1.7567. On the upside, there is a resistance level at 2.0833. A further resistance level may holdings at 2.1867. The Relative Strength Index (RSI) on the 14-day chart is 46.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0207, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.22%. Stochastics %K at 42.97% indicates the stock is a holding.
How much short interest is there in Golden Matrix Group Inc?
A steep rise in short interest was recorded in Golden Matrix Group Inc stocks on 2025-02-28, growing by 98479.0 shares to a total of 1.62 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.52 million shares. There was a rise of 6.07%, which implies that there is a positive sentiment for the stock.
