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Camac Capital, LLC, a significant shareholder in Gold Reserve Ltd (OTC:GDRZF), reported purchasing 37,000 shares of the company’s common stock in recent transactions, totaling $65,600. The acquisitions occurred on March 27 and March 28, with purchase prices ranging from $1.76 to $1.80 per share. The stock, currently trading at $1.89, has shown strong momentum with a 19.6% gain year-to-date, according to InvestingPro data.
These transactions were conducted through Camac Fund II, LP, and Camac Fund, LP, both under the management of Camac Capital, LLC. Post-transaction, the total shares owned by the reporting entities stand at 9,553,253. InvestingPro analysis shows the company maintains a strong financial position with a current ratio of 6.36, indicating robust liquidity. Get access to 5 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
The purchases reflect Camac Capital’s continued investment in Gold Reserve Ltd, a company primarily involved in gold and silver ore mining. Camac Capital, LLC, alongside other entities such as Camac Partners, LLC, and Camac Fund, LP, remain substantial stakeholders, with Eric Shahinian managing the operations. The company’s overall financial health score is rated as "FAIR" by InvestingPro, with notably strong cash positions exceeding debt obligations.
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