In a recent filing with the Securities and Exchange Commission, Gold Reserve Ltd. (OTC:GDRZF) reported that Camac Capital, LLC, along with its affiliated entities, acquired 56,700 shares of the company's common stock. The shares were purchased at a price of $1.48 per share, totaling approximately $83,916. According to InvestingPro data, the stock currently trades at $1.50, having declined over 61% in the past six months.
The acquisition was made by Camac Fund, LP, which is part of a group that includes Camac Partners, LLC, Camac Fund II, LP, and Eric Shahinian, the manager of Camac Capital, LLC. Following the transaction, the group holds a significant stake in Gold Reserve, with ownership of over 10 million shares in the $170 million market cap company.
This transaction highlights the continued interest and investment by Camac in Gold Reserve, a company engaged in the exploration and development of gold and silver ores. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 6.36, though it remains unprofitable over the last twelve months. Subscribers can access 5 additional ProTips and comprehensive financial metrics for deeper analysis.
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