Gold Reserve (OTCMKTS:GDRZF) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.70 and traded as low as $4.64. Gold Reserve shares last traded at $4.75, with a volume of 15,889 shares trading hands.

Analyst Ratings Changes

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

Read Our Latest Research Report on Gold Reserve

Gold Reserve Stock Performance

The stock’s fifty day moving average is $4.70 and its two-hundred day moving average is $4.27.

Gold Reserve (OTCMKTS:GDRZFGet Free Report) last posted its earnings results 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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