Gold Reserve (OTCMKTS:GDRZF) Announces Earnings Results

Gold Reserve (OTCMKTS:GDRZF) posted its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports.

Gold Reserve Stock Performance

Shares of OTCMKTS GDRZF remained flat at $4.59 during midday trading on Thursday. The stock had a trading volume of 6,834 shares, compared to its average volume of 152,272. The company has a market capitalization of $678.03 million and a P/E ratio of -15.30. Gold Reserve has a 52-week low of $1.15 and a 52-week high of $5.60. The company’s 50 day moving average is $4.64 and its 200 day moving average is $4.37.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald began coverage on shares of Gold Reserve in a research report on Tuesday, May 5th. They set a “speculative buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Gold Reserve has an average rating of “Buy”.

Gold Reserve Company Profile

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.