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

Shares of Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.69, but opened at $4.46. Gold Reserve shares last traded at $4.50, with a volume of 24,030 shares traded.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a 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, Based on data from MarketBeat.com, Gold Reserve has a consensus rating of “Buy”.

Check Out Our Latest Analysis on GDRZF

Gold Reserve Stock Performance

The stock’s fifty day moving average price is $4.66 and its 200-day moving average price is $4.36. The firm has a market cap of $685.42 million and a PE ratio of -15.47.

Gold Reserve (OTCMKTS:GDRZFGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) EPS 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.

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