Gold Reserve (OTCMKTS:GDRZF) Sees Unusually-High Trading Volume – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF) saw unusually-high trading volume on Friday . Approximately 364,774 shares changed hands during trading, an increase of 142% from the previous session’s volume of 150,534 shares.The stock last traded at $4.58 and had previously closed at $4.59.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a research note 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 MarketBeat.com, the company has an average rating of “Buy”.

Gold Reserve Stock Performance

The stock has a fifty day moving average of $4.67 and a 200-day moving average of $4.33. The company has a market cap of $676.56 million and a PE ratio of -15.27.

Gold Reserve (OTCMKTS:GDRZF) last released its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share 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.