Gold Reserve (OTCMKTS:GDRZF) Sees Unusually-High Trading Volume – Time to Buy?

Gold Reserve Inc. (OTCMKTS:GDRZF) saw unusually-strong trading volume on Thursday . Approximately 394,312 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 167,729 shares.The stock last traded at $4.76 and had previously closed at $4.78.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald initiated 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, Based on data from MarketBeat.com, Gold Reserve has an average rating of “Buy”.

Gold Reserve Stock Performance

The firm has a market capitalization of $716.44 million and a PE ratio of -16.72. The company has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.44.

Gold Reserve (OTCMKTS:GDRZF) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.03) EPS for the quarter.

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.