Golden Matrix Group Authorizes Stock Repurchase Program Of Up To $5M Of Shares Of The Company's Common Stock
Portfolio Pulse from Benzinga Newsdesk
Golden Matrix Group Inc. (NASDAQ:GMGI) has authorized a stock repurchase program of up to $5 million of its common stock, set to expire on July 15, 2025, unless extended or discontinued by the Board of Directors.
July 17, 2024 | 1:07 pm
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Golden Matrix Group Inc. has authorized a stock repurchase program of up to $5 million of its common stock, which could positively impact the stock price by reducing the number of shares outstanding and signaling confidence from the management.
Stock repurchase programs generally reduce the number of shares outstanding, which can increase earnings per share and often lead to a higher stock price. Additionally, it signals that the management believes the stock is undervalued, which can boost investor confidence.
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IMPORTANCE 80
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