Gold Reserve (OTCMKTS:GDRZF) Shares Up 7.5% – Time to Buy?

Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) shares shot up 7.5% during mid-day trading on Friday . The company traded as high as $4.86 and last traded at $4.86. 25,363 shares were traded during mid-day trading, a decline of 87% from the average session volume of 202,268 shares. The stock had previously closed at $4.52.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald began coverage on Gold Reserve in a research report on Tuesday, May 5th. They issued a “speculative buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Gold Reserve presently has an average rating of “Buy”.

View Our Latest Stock Report on GDRZF

Gold Reserve Stock Performance

The firm has a market capitalization of $722.35 million and a P/E ratio of -16.30. The stock has a fifty day moving average price of $4.40 and a two-hundred day moving average price of $3.18.

Gold Reserve (OTCMKTS:GDRZFGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter.

Gold Reserve Company Profile

(Get Free Report)

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.

Further Reading

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