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Camac Capital, LLC and its affiliates, including Camac Partners, LLC and Camac Fund II, LP, have increased their holdings in Gold Reserve Ltd (OTC:GDRZF), a company currently valued at $256 million. According to a recent SEC filing, the group acquired a total of 31,154 shares over two days, with transactions taking place on March 12 and March 13. The shares were purchased at prices ranging from $2.05 to $2.06, amounting to a total investment of $64,005. The timing is notable, as the stock has gained over 22% in the past week, despite being down 42% over the previous six months.
The shares are held by Camac Fund, LP and Camac Fund II, LP, both of which are managed by Camac Partners, LLC, with Camac Capital, LLC serving as the general partner. Eric Shahinian, who manages Camac Capital, LLC, signed the filing on behalf of the entities involved. Following these transactions, the total shares owned by the group increased to 9,082,853. InvestingPro data shows the company maintains strong liquidity with a current ratio of 6.36, indicating robust short-term financial health. According to InvestingPro’s Fair Value analysis, the stock currently appears overvalued. For more detailed insights and additional ProTips about Gold Reserve Ltd’s financial position, visit InvestingPro.
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