Gold Reserve Announces Revised Schedule for CITGO Sale Hearing

Gold Reserve ( (TSE:GRZ) ) has issued an update.

Gold Reserve Ltd. announced an updated schedule for the CITGO sale hearing, with the U.S. District Court for the District of Delaware setting new deadlines for various legal procedures leading up to the sale hearing on August 18, 2025. This revised timeline is crucial for stakeholders as it outlines the steps and deadlines for discovery and objections, potentially impacting the company’s strategic positioning and its bid for the PDVH shares.

Spark’s Take on TSE:GRZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRZ is a Neutral.

Gold Reserve’s overall score is significantly impacted by its weak financial performance, particularly its profitability challenges and negative cash flows. Although technically the stock shows some short-term upward momentum, the valuation is unattractive due to negative earnings. Recent corporate events introduce both potential risks and strategic benefits, but the overall outlook remains cautious.

To see Spark’s full report on TSE:GRZ stock, click here.

More about Gold Reserve

Gold Reserve Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in the production and sale of gold and copper, with a market focus on leveraging its resources and expertise to optimize mining operations and maximize shareholder value.

Average Trading Volume: 9,276

Technical Sentiment Signal: Buy

Current Market Cap: C$305.2M

For an in-depth examination of GRZ stock, go to TipRanks’ Overview page.