Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price gapped down prior to trading 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 trading hands.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald began coverage on Gold Reserve in a research report on Tuesday, May 5th. They set a “speculative buy” rating for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Gold Reserve Price Performance

The company’s 50 day simple moving average is $4.66 and its 200 day simple moving average is $4.36. The firm has a market cap of $685.42 million and a price-to-earnings ratio of -15.47.

Gold Reserve (OTCMKTS:GDRZF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter.

About Gold Reserve

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.