Golden Matrix Group Inc (GMGI) receives a Buy rating from Maxim Group

ZOM Stock

Golden Matrix Group Inc’s recent filing unveils that its Director MCCHESNEY THOMAS unloaded Company’s shares for reported $9550.0 on Jun 09 ’25. In the deal valued at $1.91 per share,5,000 shares were sold. As a result of this transaction, MCCHESNEY THOMAS now holds 299,710 shares worth roughly $0.52 million.

Then, MCCHESNEY THOMAS sold 5,000 shares, generating $9,450 in total proceeds. Upon selling the shares at $1.89, the Director now owns 294,710 shares.

Before that, MCCHESNEY THOMAS bought 37,813 shares. Golden Matrix Group Inc shares valued at $72,601 were divested by the Director at a price of $1.92 per share.

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 Tuesday, Golden Matrix Group Inc [NASDAQ:GMGI] saw its stock jump 1.74% to $1.75. Over the last five days, the stock has gained 8.02%. Golden Matrix Group Inc shares have fallen nearly -38.60% since the year began. Nevertheless, the stocks have fallen -11.62% over the past one year. While a 52-week high of $3.17 was reached on 01/14/25, a 52-week low of $1.33 was recorded on 05/23/25.

Levels Of Support And Resistance For GMGI Stock

The 24-hour chart illustrates a support level at 1.6901, which if violated will result in even more drops to 1.6301. On the upside, there is a resistance level at 1.8200. A further resistance level may holdings at 1.8899.

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 2025-05-30, growing by 85065.0 shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 1.63 million shares. There was a rise of 4.97%, which implies that there is a positive sentiment for the stock.

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