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Gold Reserve Announces Revised Schedule for CITGO Sale Hearing

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Gold Reserve Announces Revised Schedule for CITGO Sale Hearing

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Gold Reserve ( (TSE:GRZ) ) has shared an announcement.

Gold Reserve Ltd. announced that the U.S. District Court for the District of Delaware has issued a revised schedule for the CITGO sale hearing, following a motion by the Venezuela Parties. The updated schedule maintains the original expiration of the Topping Period on June 18, 2025, and the Sale Hearing start date on August 18, 2025. This development is part of the ongoing legal proceedings related to the sale of CITGO, which could have significant implications for the stakeholders involved.

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

YTD Price Performance: 18.26%

Average Trading Volume: 9,536

Technical Sentiment Signal: Hold

Current Market Cap: C$307.5M

For a thorough assessment of GRZ stock, go to TipRanks’ Stock Analysis page.

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