Gold Reserve (OTCMKTS:GDRZF) Trading Up 7.5% – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price was up 7.5% during trading on Friday . The stock traded as high as $4.86 and last traded at $4.86. Approximately 25,363 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 202,268 shares. The stock had previously closed at $4.52.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Gold Reserve currently has an average rating of “Buy”.

Gold Reserve Trading Up 8.2%

The business’s 50-day moving average price is $4.38 and its 200-day moving average price is $3.17. The stock has a market cap of $722.37 million and a PE ratio of -16.30.

Gold Reserve (OTCMKTS:GDRZF) last issued its quarterly earnings data 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.