In a recent transaction, Camac Fund, LP, a part of the Camac group, acquired 100,000 shares of Gold Reserve Ltd (OTC:GDRZF) at a price of $1.62 per share, totaling $162,000. This acquisition increases Camac Fund, LP's stake to 10,178,153 shares. According to InvestingPro data, Gold Reserve maintains a strong liquidity position with a current ratio of 6.36, indicating robust short-term financial health.
The shares are held directly by Camac Fund, LP, which operates as part of a group with other entities including Camac Capital, LLC, Camac Partners, LLC, and Camac Fund II, LP. Eric Shahinian, who manages Camac Capital, LLC, plays a key role in these transactions. InvestingPro subscribers can access additional insights about institutional ownership and company fundamentals.
The Camac entities are significant stakeholders in Gold Reserve Ltd, a company involved in gold and silver ore mining. The acquisition reflects their continued investment in the company, further consolidating their position as major shareholders. The stock has experienced significant volatility, with a 56% decline over the past six months, though it maintains a relatively conservative beta of 0.58.
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