Why Did Golden Matrix Group Stock Soar 10.78%? Insider Buying Boosts Confidence

On September 3, 2025, Golden Matrix Group's stock surged by 10.78% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

The recent surge in Golden Matrix Group's stock price can be attributed to several key developments. Notably, the company's Chief Financial Officer, Richard Christensen, has been actively acquiring shares. On September 2, 2025, Christensen purchased 20,000 shares at prices ranging from $0.98 to $1.15, increasing his direct ownership in the company. This insider buying activity is often seen as a positive signal, as it indicates confidence in the company's future prospects.

Christensen's purchases are part of a broader trend of insider buying at Golden Matrix Group. Earlier in August, he acquired an additional 25,000 shares, further demonstrating his commitment to the company. These transactions have likely contributed to the recent bullish sentiment surrounding the stock, as investors take note of the insider's confidence in the company's direction.