Globe says insiders raising their bets on NYX Gaming
2017-06-26 04:31 PT - In the News
The Globe and Mail reports in its Saturday, June 24, edition that insiders have been raising their bets on NYX Gaming Group ($1.18). The Globe's Ted Dixon writes in the Who's Buying and Selling column that NYX Gaming provides digital gambling software and services. On June 2, the company announced an arrangement with Malta-based Aspire Global to offer a portfolio of more than 1,000 games to British and Danish players. Following the news on June 12, the company's executive vice-president of sports betting bought 145,162 common shares at $1.17. Over the past 90 days, insiders, including the chief executive officer and chief financial officer, have spent $403,575 accumulating stock in the market. The Globe reported on Nov. 22, 2016, that Mackie Research Capital continued to rate NYX Gaming "speculative buy." In the item, the Mackie stockpicker reduced his target price by 50 cents to $3.50 per share. The shares could then be had for $1.21. The Globe reported on June 1, 2017, that Canaccord Genuity analyst Kevin Wright was maintaining his "buy" call and $3 share target on NYX Gaming. The shares could then be had for $1.08.