Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
Camac Capital, LLC, a prominent shareholder in Gold Reserve Ltd (OTC:GDRZF), has increased its stake in the company through a series of recent stock purchases. According to a recent SEC filing, Camac Capital and its associated entities acquired a total of 410,877 shares of Gold Reserve Ltd, amounting to a total value of $782,839. The transactions were executed over several days, with purchase prices ranging from $1.70 to $1.92 per share. The timing appears strategic, as InvestingPro data shows the stock has gained nearly 14% in the past week, though it remains significantly below its 52-week high of $4.92.
These acquisitions were carried out by Camac Capital, LLC, Camac Partners, LLC, Camac Fund, LP, Camac Fund II, LP, and Eric Shahinian, who manages Camac Capital, LLC. The shares are reported to be held directly by Camac Fund, LP and Camac Fund II, LP, as part of a group for purposes of Section 13(d) of the Exchange Act.
This strategic move underscores Camac Capital’s continued confidence in Gold Reserve Ltd, as the firm consolidates its position as a significant stakeholder in the company.
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