Gold Reserve (OTCMKTS:GDRZF) Stock Price Down 4.9% – Here’s Why

Gold Reserve Inc. (OTCMKTS:GDRZF) was down 4.9% during trading on Wednesday . The company traded as low as $4.61 and last traded at $4.61. Approximately 1,449 shares were traded during trading, a decline of 99% from the average daily volume of 198,217 shares. The stock had previously closed at $4.85.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a research report on Tuesday, May 5th. They set a “speculative buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gold Reserve has a consensus rating of “Buy”.

Gold Reserve Trading Up 2.1%

The stock has a market capitalization of $731.21 million and a P/E ratio of -16.50. The business has a 50-day moving average price of $4.41 and a 200 day moving average price of $3.24.

Gold Reserve (OTCMKTS:GDRZF) last posted its earnings results on Tuesday, May 12th. The company reported ($0.08) EPS for the quarter.

About Gold Reserve

Gold Reserve Inc is a mineral exploration and development company incorporated in Nevada with executive offices in Vancouver, British Columbia, and Littleton, Colorado. The company focuses on the acquisition, exploration and development of precious and base metal deposits, primarily in South America. Gold Reserve’s corporate strategy centers on advancing its flagship mining interests toward production while managing the legal and regulatory framework surrounding its assets.

The company’s main asset is the Brisas Project, a former gold‐copper porphyry deposit located in Bolívar State, Venezuela.