Curated News
By: NewsRamp Editorial Staff
May 30, 2025
Golden Matrix Group Inc. Insider Purchase Reflects Strong Confidence Amid Positive Projections
TLDR
- Insider purchase of 10,000 GMGI shares at $1.36 per share shows continued confidence, with a fair value estimate of $4.00.
- GMGI insider buys and sells trend positively, with a $200 million revenue forecast for 2025 and international expansion plans.
- Golden Matrix Group's advancements in gaming technology and revenue growth contribute to a brighter future for the industry and global markets.
- Check out the SEC Form 4 filing for details on GMGI insider purchase and market capitalization standing at $235 million.
Impact - Why it Matters
This news matters as it demonstrates the ongoing faith insiders have in GMGI's growth trajectory, supported by positive revenue forecasts and strategic expansions. Investors and industry observers should take note of the company's positioning in the iGaming and sportsbook technology sectors.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI) sees an insider purchase of 10,000 shares at $1.36 each, showcasing ongoing confidence among insiders in the company. The transaction is part of a larger trend of 25 insider buys against 3 sells in the past year.
With a market capitalization of around $235 million, GMGI's value is bolstered by a recent Argus Research report setting a $4.00 fair value estimate. The report highlights a $200 million revenue projection for 2025, international expansion plans, and improved financial standing after addressing Lind-related obligations.
GMGI, a global provider of iGaming and sportsbook technology, offers a range of gaming platforms and solutions in over 25 markets, including Meridianbet and GMAG.
Source Statement
This curated news summary relied on content disributed by Reportable. Read the original source here, Golden Matrix Group Inc. Insider Purchase Reflects Strong Confidence Amid Positive Projections
