Gold Reserve ( (TSE:GRZ) ) has shared an update.
Gold Reserve Ltd. has initiated new legal actions in Portugal to enforce an arbitral award against Venezuela, aiming to recover over $1.1 billion owed. The company has filed actions in the Lisbon District Court to secure judgments allowing them to execute against bank accounts holding more than $1.4 billion. While the Lisbon Court of Appeal has recognized the award, recovery is uncertain due to the need for further court orders and the complexities of creditor priorities. These efforts are part of broader enforcement actions, including proceedings in the U.S., which could affect the recovery amounts in Portugal.
More about Gold Reserve
Gold Reserve Ltd. operates in the mining industry, focusing on the exploration and development of mining projects. The company is primarily involved in the enforcement of arbitral awards related to its operations, with a significant focus on recovering funds owed by the Bolivarian Republic of Venezuela.
YTD Price Performance: 17.09%
Average Trading Volume: 173,435
Technical Sentiment Signal: Strong Buy
Current Market Cap: $198.3M
For detailed information about GRZ stock, go to TipRanks’ Stock Analysis page.