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

Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $5.08, but opened at $4.39. Gold Reserve shares last traded at $4.75, with a volume of 704 shares.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald assumed coverage on Gold Reserve in a research note 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 company has an average rating of “Buy”.

Read Our Latest Research Report on GDRZF

Gold Reserve Price Performance

The company has a fifty day moving average price of $4.38 and a two-hundred day moving average price of $3.17. The company has a market capitalization of $667.69 million and a P/E ratio of -15.07.

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