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In recent transactions, Camac Capital, LLC, a significant stakeholder in Gold Reserve Ltd (OTC:GDRZF), increased its holdings by acquiring shares worth a total of $54,321. The purchases took place over several days, with the acquisition of 32,475 shares at prices ranging from $1.55 to $1.68 per share. The stock currently trades at $1.75, representing a 60% premium to its 52-week low of $1.09, according to InvestingPro data.
The transactions were executed by various entities associated with Camac Capital, including Camac Partners, LLC, Camac Fund, LP, and Camac Fund II, LP. Eric Shahinian, who manages Camac Capital, LLC, signed off on the transactions. The shares acquired are held directly by Camac Fund II, LP, as noted in the filing.
These transactions highlight continued interest and investment by Camac Capital in Gold Reserve Ltd, a company engaged in gold and silver ore extraction. The stock purchases add to the shares already owned by the group, reflecting their strategic positioning in the company. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 6.36 and holds more cash than debt on its balance sheet. Discover more insights and 6 additional ProTips with an InvestingPro subscription.
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