Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Here’s Why

Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $4.50, but opened at $4.10. Gold Reserve shares last traded at $4.10, with a volume of 2,961 shares traded.

Gold Reserve Trading Down 5.6%

The stock has a market capitalization of $593.83 million and a price-to-earnings ratio of -13.86. The stock’s 50 day moving average is $4.89 and its 200 day moving average is $4.49.

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

Gold Reserve Company Profile

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Gold Reserve Inc is a mineral exploration and development company focused primarily on gold assets in Venezuela. The company’s principal project is the Brisas and Las Cristinas gold district in the state of Bolívar, an area known for its substantial mineral resources. Gold Reserve is not currently described as a broad-based producer; its activities center on advancing and protecting its interests in large-scale mining projects.

The Brisas project historically served as the company’s flagship development asset.

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