Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 17,094 shares, a growth of 106.7% from the August 15th total of 8,271 shares. Based on an average daily trading volume, of 772,398 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Gold Reserve Price Performance
Shares of GDRZF stock remained flat at $4.80 on Wednesday. 3,002 shares of the company traded hands, compared to its average volume of 167,823. The business has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.57. Gold Reserve has a fifty-two week low of $1.15 and a fifty-two week high of $5.60. The company has a market cap of $709.06 million and a P/E ratio of -16.55.
Gold Reserve (OTCMKTS:GDRZF – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter.
About Gold Reserve
Gold Reserve Inc is a Canadian-based precious metals development company focused primarily on advancing gold and copper projects in Venezuela. Its principal asset is an interest in the Siembra Minera joint venture, which holds rights related to the Brisas-Cristinas mining project in Bolívar State, an area known for significant gold resources.
The Brisas-Cristinas project combines the company’s former Brisas property with the adjacent Las Cristinas deposit. Gold Reserve has historically pursued the development of these deposits through exploration, project planning and negotiations with Venezuelan authorities.
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