The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Golden Matrix Group Inc shares valued at $9,550 were sold by MCCHESNEY THOMAS on Jun 09 ’25. At $1.91 per share, MCCHESNEY THOMAS sold 5,000 shares. The insider’s holdings dropped to 299,710 shares worth approximately $0.47 million following the completion of this transaction.
Also, MCCHESNEY THOMAS sold 5,000 shares, netting a total of over 9,450 in proceeds. Following the sale of shares at $1.89 each, the insider now holds 294,710 shares.
Before that, MCCHESNEY THOMAS had added 37,813 shares to its account. In a trade valued at $72,601, the Director bought Golden Matrix Group Inc shares for $1.92 each.
As published in their initiating research note from Maxim Group on February 21, 2025, Golden Matrix Group Inc [GMGI] has been a Buy and the price target has been revised to $4.
Analyzing GMGI Stock Performance
On last trading session,, Golden Matrix Group Inc [NASDAQ: GMGI] plunged -1.25% to $1.58. The stock’s lowest price that day was $1.56, but it reached a high of $1.645 in the same session. During the last five days, there has been a drop of approximately -11.24%. Over the course of the year, Golden Matrix Group Inc shares have dropped approximately -20.20%. Shares of the company reached a 52-week high of $2.6000 on 01/14/25 and a 52-week low of $1.3300 on 05/23/25.
Support And Resistance Levels for Golden Matrix Group Inc (GMGI)
According to the 24-hour chart, there is a support level at 1.5450, which, if violated, would cause prices to drop to 1.5100. In the upper region, resistance lies at 1.6300. The next price resistance is at 1.6800. RSI (Relative Strength Index) is 38.16 on the 14-day chart, showing neutral technical sentiment.
Is Golden Matrix Group Inc subject to short interest?
Stocks of Golden Matrix Group Inc saw a sharp rise in short interest on 2025-05-30 jumping by 85065.0 shares to 1.71 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.63 million shares. A jump of 4.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.42 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.42.
Which companies own the most shares of Golden Matrix Group Inc (GMGI)?
In terms of Golden Matrix Group Inc share price expectations, FactSet research, analysts set an average price target of 3 in the next 12 months, up nearly 87.5% from the previous closing price of $1.60. Analysts anticipate Golden Matrix Group Inc stock to reach 3 by 2025, with the lowest price target being 3. In spite of this, 1 analysts ranked Golden Matrix Group Inc stock as Buy at the end of 2025.
