Gold Reserve (OTCMKTS:GDRZF) Stock Price Down 5.5% – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF) traded down 5.5% during mid-day trading on Wednesday . The company traded as low as $4.64 and last traded at $4.64. 429 shares changed hands during trading, a decline of 100% from the average session volume of 173,026 shares. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald assumed coverage on 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.com, the company has an average rating of “Buy”.

Gold Reserve Stock Down 1.9%

The firm has a market capitalization of $686.90 million and a price-to-earnings ratio of -15.50. The stock has a 50 day moving average of $4.54 and a 200 day moving average of $3.71.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly 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.