Gold Reserve (OTCMKTS:GDRZF – Get Free Report) posted its earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, Zacks reports.
Gold Reserve Trading Down 7.6%
Shares of Gold Reserve stock traded down $0.38 during trading on Tuesday, hitting $4.62. 65,677 shares of the stock traded hands, compared to its average volume of 207,478. The firm has a market cap of $682.47 million and a P/E ratio of -15.40. Gold Reserve has a 52-week low of $1.15 and a 52-week high of $5.60. The stock’s fifty day simple moving average is $4.34 and its 200 day simple moving average is $3.10.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald initiated coverage on Gold Reserve in a research 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, the stock currently has a consensus rating of “Buy”.
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.
Featured Stories
- Five stocks we like better than Gold Reserve
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for Gold Reserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Reserve and related companies with MarketBeat.com's FREE daily email newsletter.
