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

Gold Reserve Inc. (OTCMKTS:GDRZF) gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.7375. Gold Reserve shares last traded at $4.7375, with a volume of 250 shares.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a report on Tuesday, May 5th. They set a “speculative buy” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat, Gold Reserve presently has a consensus rating of “Buy”.

Gold Reserve Price Performance

The stock has a 50-day moving average price of $4.38 and a 200 day moving average price of $3.29. The firm has a market cap of $686.90 million and a price-to-earnings ratio of -15.50.

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