Gold Reserve (OTCMKTS:GDRZF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.67 and traded as high as $4.69. Gold Reserve shares last traded at $4.69, with a volume of 36,092 shares traded.

Analyst Ratings Changes

Separately, Cantor Fitzgerald assumed coverage on shares of Gold Reserve in a research note on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Gold Reserve Trading Up 2.4%

The business’s fifty day moving average is $4.67 and its 200-day moving average is $4.35.

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