Gold Royalty (GROY) Soars 5.06% on Zazove Associates' 83% Stake Increase

Gold Royalty (GROY) shares surged 5.06% today, marking the seventh consecutive day of gains and a 28.68% increase over the past week. The stock price reached its highest level since June 2024, with an intraday gain of 5.06%.

Zazove Associates LLC significantly increased its stake in Gold Royalty Corp. by 83% during the fourth quarter. This substantial change in ownership can influence the stock price by attracting more investor interest and altering market perceptions of the company's value. Such moves often signal confidence in the company's future prospects, which can drive up demand for its shares.